Interesting I just noticed how far a tech company like SZL has...

Interesting I just noticed how far a tech company like SZL has fallen from
its highs this year. It’s MC at one stage was circa $2.2 bill. It’s MC is now
$116 million almost half the current MC of EVS. SZL is losing big $ and
carries a lot of debt. EVS on the other hand carries low debt and is pushing
towards profitability. Just goes to show how far the so called market darlings
get punished as interest rates aggressively rise in the US in response to inflation
as the US market corrects. It’s just possible that the market is beginning to
view EVS as a defensive stock within the Tech sector given it’s relatively stable
and growing ARR. It’s probably not growing at the rate some of us retails were
hoping it would however it is growing it’s revenues. WA water board is perhaps
a crucial land, expand and scale prospect. Should the water board adopt Sewex
across all of its 113 sites rather than just the current 4, then my guess is that would
put EVS at break even recurring revenue at circa $60 k per site. Not saying that’s
going to happen but hoping it does. Looking forward to the update on EVS water
which is due some time in the near future. Should EVS scale Sewex across the
entire WA water board’s 113 sites that will send a huge signal to the market about
Sewex’s financial prospects for EVS and obviously impact the MC favourably.
Cheers