take a look at Megaport (MP1) if you haven't already gang
I have drawn similarities in the past on HC between HTG & MP1
both pure SaaS companies (Harvest will be once transition to stage 2 is complete)
MP1 last FY $55m loss MC is $2.6b
HTG have a low fixed cost base, my guess is between $10-$15m pa
both have similar gross margins (80% +)
HTG should be CFP this quarter due to circa $5.7m revenue to be realised from last quarter + revenues derived during current quarter, & certainly in future quarters due to significant revenue growth from phase 2 (watch this space!)
and we are sub $200m MC
the upside for Harvest is enormous. I am confident they will deliver. the board and recent recruits over the past 12 months are world class, we have no direct competition, close partnerships with global leaders giving us direct access to multiple logical verticals & the biggest and best customers globally.
my opinion only based on probably too much homework & DD !
HTG Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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