A lot of blue sky there but no actual evidence that they have the capability to achieve these results yet, but the market is pricing a fair amount of success at the moment. Not saying they won't but lets see them achieve 40 units first giving them just $2.7m in revenue. I just think its way too expensive, but that is my opinion.
To give you a comparison SCL, which provides a placement platform for the International School Recruitment market has recurring revenues of $4.5m disrupting an existing placement market of $2 Billion and growing revenues at over 50% and has a market cap of around $20m. They also have a leading market position and are already break even with other add on products scaling revenues further. By comparison KTG just seems excessively over valued and SCL undervalued. I know they are totally different industries but just comparing recurring revenue models.
KTG Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)