just remember that revenue from continuing operations is up over 50% and margins are actually improving (as would be expected for a tech stock whose has leveraged earnings to revenue changes because costs are relatively fixed.
improving margins such that ebitda rises faster than revenue (63% growth for h1 ebitda vs 50% revenue growth) is the single most important thing to look for in a growing profitable tech business with strong forecast revenue growth.
so if group revenue grows 50% per year we are in good shape for even faster ebitda growth, especially since b2b has higher margins and it is growing quicker than b2c.
i forecast $15 by the time they report next feb in under 12mo.
WEB Price at posting:
$11.04 Sentiment: Hold Disclosure: Held
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