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Hey Wooster doing a quick Back of the Envelope - Reckon they...

  1. 312 Posts.
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    Hey Wooster doing a quick Back of the Envelope - Reckon they burn $30m to get to end of FY'20 and an additional $10m to keep going.
    Trading on 16x 2019 subscription revenue ignoring grants and services revenue which is not recurring (bear in mind they have a 10m contingent consideration)

    I think you might probably pay something 4x Sales for the coming year so assume the stock doubles subscription revenue to $133m market cap which is half the current market cap or 15 cents





 
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