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20/08/19
15:04
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Originally posted by Galilee13
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Both BEAT and IRTC have been having a tough time too. Both are trading down 50% to 40% at 12 mth lows. But both continue to show strong revenue growth and provide positive updates for there companies and the industry.
An interesting stat is they produce $280k and $240k in revenue per employee.
GMV, with c100 employees is generating about $60k based on the last 6mth run rate of $6m pa. GMV has the products, infrastructure and team to scale up towards these much larger companies in no time. Basically need a 4 fold increase in revenue to match these guys. If you believe Brendan's comments at the AGM, then GMV should have break even revenue by the end of the December quarter. Or about $18m which is a 3 fold increase from where we are now! They obviously expect to be matching if not overtaking these big guys in the next 2 years.
From a technically point, looks like we have hit a triple bottom at 12c. Let's hope it holds.
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It's a shame Brendan's comments weren't confirmed in the recent Company Update.
Off the cuff remarks like that diminish trust. No formal update. Break Even highly doubtful!
AIMO PDYOR