IMO once the company pass the breakeven point, every $1m revenue (recurring licence) = $50m market cap. (reason being the growth rate will easily surpass 100% per year)
Afterpay can fetch 10B with $200m income, and still in loss, 50x of revenue, so why can't NET? Apple to Apple comparison, once NET is in break even ($20m revenue), it should valued at least $500m.
After holding two year plus, we seen the growth from 5000 licence to 340,000 last December. Hopefully they will announce the number tomorrow up to Mid-Feb.
Refer to the interview video --- they are drafting a contract with Beijing Gov with 20m population - most importantly it is a political hub (full of important personnel). This morning announcement confirmed that they open the Shanghai's door - another 20m ppl city - an important financial hub. Unfortunately it didnt clearly state $2.5m RMB equal to how many VINS and the recurring revenue.
Unsure if NET can takeup similar deal from Japan due to coronavirus...
Ann: iLinkAll signs RMB 1m contract with Pinnacle (Shanghai) Info, page-34
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