From 1st Sept to 30th Sept 2020 - ACV added USD 0.95MM,...

From 1st Sept to 30th Sept 2020 - ACV added USD 0.95MM, increased from USD 3.98MM end of 31st Aug 2020.

Read carefully, this is a one month increase of USD 0.95MM.

With more sales team members, we should see more increase in ACV on monthly basis. That is the beauty of the subscription model, every new customer signed, your base for revenue goes up. You do not start from zero revenue every year.

We still have Oct 2020 to June 2021, 9 more months. If I use USD 0.95MM to increase every month, we will be at USD 13.48MM (AUD 18.9MM) by June 2021

This translates to P/S = (0.48 x 680) / (18.9) = 17.27 by June 2021. And this is 9 months later. If you project it further, P/S will be much lower.

If you were to invest in a business, you do not look at a time horizon of 9 months. If you project it to 3 years, P/S will be less than 5.

Good luck to all. Really happy with the updates.

Have a great day!