He said HMI was $3.1m revenue when he took over late 2021.
He has mixed up the digits - I just checked and it was actually $1.3m the quarter prior to him joining.
Therefore with our last quarter $7.5m that is actually 5.8X in quarterly revenue growth from when he took over.
If you look at annual revenue growth he’s taken it from $6.9m to now annualising $30m revenue - which is a similar uplift.
Therefore in the last 2 years with a small balance sheet and admittedly a bunch of inherited challenges and problems back in 2021 after HMI listed he’s done the unthinkable and fixed everything and grown the book by 430%.
With a much larger team as at today, a strong and cleaned up balance (relative to the small market cap), I believe even in another 1-2 years HMI can bring very significant real financial growth growing key partnerships in energy and resources and the new Tech recruiting division - boosted by the AI / Automation software. This is unheard of at this current market cap IMO.
This guy is a machine and you can see he is energetic and focussed which is also rare at $6m market cap.
I believe the stock could easily be 20-25 cents as a base on current results - but still feel it still needs to get the story out more for people to know about it, having said that, today’s trading was very positive.
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