I know a few of similar tech companies on ASX that earn a small fraction of revenue that MBE earns, yet have a much higher MC. As we all know, this company has over $50 million annual revenue and expects its cash position to increase from current $8 million to $13 million by June. Those who are talking about 3 cents and 4 cents demonstrate their lack of understanding of other tech firms. In my view, MBE is currently undervalued compared to its peers. This will be corrected soon.
MBE Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held