Good to see this starting to turnaround. I am a fan of this company since I began investing in it around 2 years ago.
Interestingly went back to IPO date & looked at the prospectus, revenues in 2019 were at $16mil with NPAT of just over $2.5m (IPO'd at $1 p/share)
The 3 preceding years AMX achieved growth YoY. Is it safe to say that the sudden drop in revenues can be attributed to the pandemic slowdown, adoption of focusing on building subscription revenue model over transactional?? Or is there something more to these numbers.
One would think a growth company such as AMX would be looking to strengthen following an IPO with the amount of capital invested.
Once again extremely happy with the HY reports... really hoping that the board & leadership team have what it takes to turn this company into a monster.
AMX Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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