AND now trading on ~9.4x EBITDA with a ~5.6% free cash flow...

AND now trading on ~9.4x EBITDA with a ~5.6% free cash flow yield, based on FY23 consensus forecasts. IMO, has been caught up in non-profitable and cash burning tech market sell-off. Gross margins of 90%+, generating free cash flow and no debt with ~$20m cash on balance sheet (17% of mkt cap), would generally expect AND to command some premium to more established SaaS peers. Worth noting selling has been fuelled by low volume trades, spreads are widening - value here. DYOR.