Ignore whether it is net profit positive at this stage, tech companies have high amortization associated with their software development. What's important is if it is EBITDA positive and cashflow positive. Look at those cybersecurity and eCommerce companies on NASDAQ such as Crowdstrike, Palo Alto, SEA, or Shopee.
In any case, by the time this guy becomes net positive, he would be trading multiples above the current level already.
Ignore whether it is net profit positive at this stage, tech...
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