Particularly pleasing to see the Super active users and FUM growing, along with Raiz Kids. The Super accounts very sticky and highly valued by other players in the market (see the Spaceship deal), while the Raiz Kids gives a pipeline of additional fee paying customers. I note the average balance for raiz kid is c.$1,250, so its not small at all.
Forward looking 12 month revenue will be $24.4m in steady state, which is cashflow positive even after accounting for capex.
Can imagine the company would be targeting 350k active users at $100 ARPU within 3 years, which when reached would be producing c.$10m Free Casfhlow per annum. Even if they only reached $90 ARPU, at 350k active users, this is still c$7m of FCF pa.
$12m cash on the balance sheet too is so nice. Will be able to withstand any shocks and inevitable markets pullbacks.
Share price will be hitting $1 by mid year if they string another positive 2 quarters together.
RZI Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
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