Also, tech stocks are not all the same. There are quite a few on the ASX with decent revenues but when you actually look at their bottom line, many spend a lot on sales & marketing rather than on the product or infrastructure. GSW actually have landed many big contracts with near zero sales or marketing. Yes, they've estimated bigger cash outflows this quarter but I think that is more to do with scaling their operations.
GSW Price at posting:
$2.65 Sentiment: Buy Disclosure: Held