Looking forward to this year's growth and new pipeline deals to eventuate and unfold, maybe lumpy on new sales but reoccurring revenue and monthly subscription will create income stability on the whole.
I do agree with the possibility of 8mil EBITDA for FY23 mentioned above, basing my assumption on a 20% organic growth ( PCP 16% ) as well as EBITDA margins to improve upward by 2% from 18% to 20%.
So, FY22 34mil revenue + 20% organic growth YOY = 40.8 MIL as a possible Income for FY23
Improved EBITDA margins of 20% will yield 8mil 40.8mil x 20% = 8.16mil as possible Ebitda for FY23
IF, these (not so hard to assume figures ) will transpire then EBITDA will increase by more than 50% YOY from 5.3mil - 8.1mil On that basis including cash on hand 90mil Market cap is not hard to aspire for, all IMHO
I assume SP will increase as good news on growth and improved margins flow through
