Wanted to summarise my thoughts here and look for...

Wanted to summarise my thoughts here and look for comments.

Current MC - $18 Million plus options

Revenue projection FY 2023 (Ends March 31st) - $51-$53 Million
EBITDA Projection FY 2023 - $14.5-$15.5 Million
Free Cashflow projection FY 2023 - 61% of EBITDA

This company is operating on a PE of about 2 it should be probably operating on a PE of 5-7 purely based on the growth trajectory.

These growth items;

• CBI contract only just past 1,000 ATM's of the 2,550 it has been projected to deploy. This will mean revenue growth in 23/24 will be higher than 22/23
• Current deployment of CBI contract delivering above expectations of transactions - forecast 75 and averaging 90 (20% increase on forecast)
• SBI contract extended and looking to extend further
• White Label ATM coming
• FINDI Pay expanding - this is growing exponentially
• ATMs expanding in India still only 17 atms per 100,000 when global average is 43
• Waiting to hear on transaction banking licence, this will develop the growth needed to turn this into a 200 million dollar MC

All points pulled from ASX anns

Looking forward to 2023 and the growth trajectory this firm is on.