I feel that patience will be rewarded here. Could easily run into the high 2s or 3s if the 2c wall goes down. Excellent balance sheet. No debt. US$2.5m in net cash and investments. ~A$2m+ annualised positive CF. A$9m+ ARR. 80% gross margins. Recurring revenue (SaaS model). An extremely satisfied cornerstone client (GM). Solid operator at the helm. And all for a market cap of just A$16m. In the current market environment, it is hard to find nanocaps that are actually profitable and with sticky long-dated revenue. With every quarter that passes, their cash balance will grow (or they will have more and more funds to invest into R&D and grow the top line even further through feature enhancements)
CXZ Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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