they have 75m cash and massive growth.
Yes they're spending money but thats how business model works - you have to spend money to get growth which pays back in multiples. You need to understand how big the US market opportunity is, they're only just legalising sportsbetting now in the US -its only just the beginning. its a massive opportunity I would be disappointed if they were not aggressively targeting that market.
https://www.espn.com.au/chalk/story/_/id/19740480/the-united-states-sports-betting-where-all-50-states-stand-legalization
the initial cost of attaining a customer account is relatively high but once you have them you have a customer for life with recurring revenue. These costs will come down while revenue continue to grow exponentially.
looks like Ron shamber , CEO of TAMIM Asset management agrees with me.
they have 75m cash and massive growth.Yes they're spending money...
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