How easy or difficult is it for Yojee to reach a position where it is able to generate 50m delivery transactions per annum on a recurring basis to yield an annual revenue of $10m to justify its current $93 million valuation at mcap/revenue of 9x [typical Saas at 6x].
The way I see it, short of securing a global MNC deal (e.g UPS) with significant material implication [tens of millions], Yojee is unlikely to reach the scale nor profitability we all hope for. Current ongoing deals that Yojee have are small in the thousands, maybe tens of thousands and hundreds of thousands would be a large deal for them. And from personal experience dealing with MNCs, they [MNC] are a careful lot and any collaboration with them will usually start at a pilot scale and could take years before a material deal can eventuate, and in a lot of cases, they end up doing their own [as I previously mentioned]. And by or before when they get there [if they get there], I am anticipating the market would have collapsed [as I have posited in my Its Over thread since Feb this year].
If a global deal like UPS [but not like GSW's Amazon deal] is the lottery needed, I'd rather punt on a stock where no revenues is expected by the market [e.g 4DS] which is like a lottery- if successful, it would be billions otherwise zero.
YOJ Price at posting:
11.0¢ Sentiment: Sell Disclosure: Not Held
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