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12/02/20
12:35
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Originally posted by Berger978456:
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Agreed - nice steady growing SaaS business, very under the radar at the moment. And as far as I can recall from the quarterly, FY revenue is expected to be in line with prospectus forecast of US$35.4m and EBITDA ahead of forecasts because of the falling Aussie Dollar. Only issue is profitability, but they have a heap of cash on hand (A$65m) so won't need to come back to the market for a while. As long as their revenue growth continues unabated, which I think it will then this looks good. FY20 revenue is expected to grow to over US$40m which is consistent with revenue growth we've seen over the past 3-4 years (around 14-16% p.a). On FY20 revenue Nitro is on a multiple of just 5 times sales. Low compared to other SaaS businesses.
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Well, it was just a matter of time. Thank you ladies and gentlemen. This is just a start.