I've been looking at its peers on the ASX, will try and post...

I've been looking at its peers on the ASX, will try and post something over the next few days.

A lot of SaaS are trading at 7-10 multiples of ARR. I think AD1 deserves a premium on this as it is cash flow positive and growing revenue at an exponential rate, an ARR multiple of between 10-15 would be more than reasonable and I think this will occur if theyshow in the next 4C that they have continued to grow revenue at current rates or better.

The last 4C indicated an ARR of approx. $4.8 million minimum is on track for this financial year, add in the recent acquisition, contract wins and the recent "going live" of revenue streams from contracts won in the past year and we should, as mentioned above, see an increase in that ARR to above $7.5 million, times this by a modest 12 and you get a market cap of $90 million or 18 cents per share, more than three times its current valuation, seriously undervalued!

Not that I'm too upset with today's price action, its allowing me to inch closer to being in that top 20