Originally, I was expecting PCK to at least reach revenue neutral by 2023/2024 but then the pandemic hits. That is why I push my expectation out to 2025. And if this time, PCK is affected by events outside their control again, then I shall need to re-assess. I guess my main point is really this. As long as the sign is there that PCK is still building its business and heading towards profitability, then it is just a matter of time.
At end of day, PCK is still building its business. It is a startup. Look at those billion dollar industries like BNPL crashing into nothingness. Those building companies which have been making profits for so many years all going into bankruptcy. All because of macro events impact and most likely poor business and revenue model. Yet, PCK is still standing and growing.
I am still confident of where the company is going. I have not seen anything yet to tell me that the company has lost direction. Until then, it is still 2025 before I re-assess again
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