Organic growth last year was 21% for Elmo and 52% for Breathe. See p.12 of their presentation. That's pretty decent no?
LTV to CAC was 6.6x for Elmo and 6.9x for Breathe, with both businesses on 85-90% gross margin. Churn is high but probably explained by Covid / small businesses hurting
They still have $52m of net cash (cash - debt)
Also ELO now trades at c.4x time their FY22 revenue guidance. Not very demanding for a SaaS business these days
Anyway, this is a bit of head scratcher for me
ELO Price at posting:
$5.04 Sentiment: Buy Disclosure: Held