New to this one and I keep hearing about it so I thought I'd have a look.
After seeing the investor presentation I'm not sure what it is that's demanding the $190m market cap.
I think I must be missing something. It's obviously based on 'the potential' but perhaps someone would be willing to share what the potential actually is? Is there other B2B payments software similar to this? Any publicly traded ones? I find it hard to believe that this is a first
Is there anyone here who has "run the numbers" and would like to share, or can someone link me to a previous post where this has been discussed?
This one kinda feels similar to BID who are saving companies money by saving employees time through streamlining bill payments, though BID are only focused on power/gas bills currently rather than anything under the sun, such as cups, like CRO is. Only BID has $19m in annualised revenue and CRO has about $1.5m. I do understand that CRO's revenue should increase rather quickly with the 'Spenda' platform launching soon, though it will depend on how quickly the marketing and sales guys can dial the phone. (Or are mastercard/visa doing the marketing for Spenda?)
Am I wrong to compare these 2 companies?
Cheers
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