hugely low risk Sunny there is another asx listed Livetiles whose MC is 1x ARR with thousands of customers also but i like Elmo a lot more its growing faster organically where XRO is the accounting software for SMB i see Elmo taking the same position but for HR
at 100 million ARR as less than 300 million mkt cap, a healthy shareprice of 3+ dollars. tightly held. if they need to raise more cash minimal dilution. and not that many shares currently issued
A 10-20x ARR as a MC is normal. the current macro environment and fear driven to get out of high growth stocks loosing money means some real bargains. given how well funded ELO is and its on the cusp of cash flow positive is super exciting. once a tech stock starts generating revenues its MC commands a premium to those that arent. is this the next Appen tech darling of the ASX. im thinking so! def flying under the radar here. not much not to like. ive taken a small position with $30 k worth of shares but lookijg to increase this
ELO Price at posting:
$2.43 Sentiment: Buy Disclosure: Held
