Xref is now cash flow positive, has now made its first profit, is established in and has acces to international markets, not as capital intensive as FOS (no requirement to buy stock nor hire as many employees as FOS needs for growth).
If they can replicate the last two quarters of the 21 Financial Year over the next four quarters their profit levels should be considerably higher.
I'm hoping they start to turn this business into a SAAS based revenue model as opposed to a credits purchased revenue model to make the company even more valuable.
I believe the market is finally starting to wake up to the potential of Xref.
Who knows, FOS might be significantly undervalued, in which case you're onto something!
XF1 Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
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