this is very cheap v's potential valuation. the market will wake up sooner or later - there's a tech boom going on after all
this is high margin business too as you'd expect for installing software into GM, sorry major US automaker, vehicles. $35m revenue the year after .. just a lazy 75% growth rate. i'm guessing they didn't just pluck these numbers out of the air. GM probably said "psst, we think you need to build out your infrastructure and systems to handle 1m vehicles as we sharing revenues we're going to market this pretty hard and our modelling suggests {insert conservative CXZ forecasts here}"
there's another 8 major automakers trialling FLEX. land just one of those and the projected number will grow significantly.
WEX Australia is a test market for entry into North American and other markets - expect big numbers here as they have a large established "fleet management for SMEs" business. FLEX compliments their existing business well and it is also on a revenue share basis.
CXZ Price at posting:
19.5¢ Sentiment: None Disclosure: Held
