At $20m per month if it holds at 3x revenue which is inline with most techs = US$720m in AUD$1.1B
1.1b/240m shares on issue = $4.58 per share
Base case valuation but need to see cash from operating activities top $40m by FY25 but by then revenue run rate could be over $30m that means $4.58 base valuation will need to be altered.
What matters now is better sentiment.
Ann: Q2 FY24 Quarterly Activity Report and Appendix 4C, page-17
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Last
$2.59 |
Change
0.150(6.15%) |
Mkt cap ! $675.3M | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.66 | $2.45 | $29.38M | 11.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.59 | 118001 | 13 |
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| APX (ASX) Chart |