Thinking through this, if in calendar 2024 they achieve about $80m-$100m in sales, helped by $65m of readily available inventory, on which their margin of profit is say 30% gross, given they both produce hardware and the software but have recently ramped up staff, then in 2025 the SaaS income alone is probably sufficient to justify the current mkt cap and we should be at about $250m+ mkt cap, and with two years of positive earnings, inclusion in the ASX indices will occur.
Yes I suspect this stock might remain a bit of a sleeper during 2023, but unless we are being seriously misled, it orobably has more upside potential than anything else I'm holding at the moment with the possible exception of Weebit.
Of course, I may becwrong. They may announce a couple of the karger "pipeline" orders they keep hinting at, and thecwhole process accelerates in time.
Thinking through this, if in calendar 2024 they achieve about...
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Last
$1.35 |
Change
0.015(1.13%) |
Mkt cap ! $1.172B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.35 | $20.91M | 14.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 239317 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 57407 | 3 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |