Frankly even at current prices this is trading at 10 times next year ARR, granted it’s not locked in for following years. I am not interested in break even, I am interested in growth which is what today is all about; a reputable cornerstone investor would be the kicker.
There are many examples of multi billion dollar companies out there which took years to turn a profit; i.e Xero.
This announcement literally delivered on a platter the entire Australian market to a start up. I would be surprised if anyone could find similar examples for a company so young. They can now turn their attention to supporting those RACs, expanding overseas, FDA approvals and above all the baby app.
Now let’s just let the day traders do their thing and see where the price settles in the next 5-10 days.
Frankly even at current prices this is trading at 10 times next...
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Last
2.9¢ |
Change
0.001(3.57%) |
Mkt cap ! $47.43M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.8¢ | $29.41K | 1.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 87500 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 185660 | 1 |
View Market Depth
| Last trade - 15.47pm 03/05/2024 (20 minute delay) ? |
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Last
2.9¢ |
Change
0.001 ( 3.57 %) |
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| Open | High | Low | Volume | ||
| 2.8¢ | 2.9¢ | 2.7¢ | 94371 | ||
| Last updated 15.41pm 03/05/2024 ? | |||||
| PCK (ASX) Chart |