The problem you have again is the company removed from the quarterly statements the margin rate. You have no visibility on how much money the company is actually making and the current burn rate.
You can talk 20% growth all day long but it's off a very low base. Which is key here.
Don't get excited until you see the actual margin and profit being made. If the burn rate is actually increasing whilst they continue to build out the platform you might even see another raising early 18.
You also potentially have a large stock overhang on Dec. Whilst this might be a forced seller and the company pushes the line they have a buyer lined up I doubt it given the experience buyers at 42c have had. I think a lot of people are full on the stock at the moment and there is elevated risk going in to the back end of this year. Bump for Nov races is already priced in, so dont get excited when it falls Dec qtr report.
Upside depends on net margin and if the company can improve this and become cash flow positive.
