Have revisited this name, I own a small portion but haven't done work on it in a while. Business is at a very interesting juncture:
- EBITDA breakeven by ~September next year, noting R&D is not capitalised which is conservative accounting as it would lower EBITDA
- Excellent operating leverage due to its high margins
- Very favourable medium-to-long term tailwinds / industry growth
- Trades at very depressed ARR multiples, even accounting for the recent share price bump:
In Table Form - ARR multiples vs history:
In Chart Form - ARR multiples vs history:
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Last
61.0¢ |
Change
0.010(1.67%) |
Mkt cap ! $813.5M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.5¢ | 58.0¢ | $19.75M | 32.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16493 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 191087 | 6 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| QOR (ASX) Chart |