when you look at the arr increase over the last few quarters it’s clearly been lumpy so for peter to say ‘we believe the 6mil arr is achieveable’ to me implies there’s a few deals close.
Even at a 90%arr increase yoy a price to sales of 5 is pretty good value in this market vs comparisons.
This also completely disregards any value in the hardware and project services which clearly is gaining some traction with 130 e noses being installed this quarter. If the company was purely an e nose hardware supplier with projects like the smart cities on the horizon the company would have significant worth separately.
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