I think it requires regularly announced new revenue generating contracts (they don’t need to be massive). The product is built. The company indicated more contracts would be announced pre-Xmas 2020 so disappointed this didn’t happen. They have spoken to 100s of target clients during the last year so bit of a concern there isn’t more contracts announced.
Still think there is great opportunity with this company in the short term but would like to see more transparency into how the customer acquisition process is going (the company is great with highlighting awards and the market opportunity).
2021 Price Targets., page-34
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