Do not overlook a very important strategy now being undertaken by the company
Currently, they get paid by GM to build and supply software. It is a profitable business.
Most of these type of businesses run at a loss to create a hook to build a distribution for the payment of add on services
CXZ is already profitable with the baseline software service they provide GM. They are now entering the next phase of creating value (add ons) throughout the massive dealer network.
The core business is in place, the cream on the cake will be the next move.
There is a strategy in place and as COVID in the US market comes under control and transport movement picks up, CXZ will IMO be ideally placed to grow into this dealer network market.
CXZ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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