Thought this growth story needed a new thread for it's new start as 1CG.
If the current growth rate is maintained for the next 9months, we would be at $4.8M+ revenue for FY23. The current Enterprise value of the company is $7M. with circa $6M in cash for marketing to increase this growth rate potentially even further. An arguably recession-proof business model (being integrated with tax returns which are non-discretionary items and a sticky service offering)
How many companies do we know of that generate revenue flows similar or equal to their current EV? Serious question.
I'm excited for what this company could do for shareholders in the very short term as growth accelerates. Best part is that this business is SCALEABLE...... meaning very little further incremental outlay regardless of if there are 50,000 users or 5,000,000 users. As users grow, margins should rightly grow.
With further add-on services/products to come in the suite of offerings.
If I'm getting carried away, I'll sit back down. Some solid execution here with our marketing dollars could be very lucrative.
1CG Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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