The other factor to consider is the growth in reoccurring revenue.
They have not lost one customer and their market is the vehicle industry worldwide.
As they sign up new dealerships/customers the revenue sticks and repeats, repeats, repeats.
Possibilities include new customers, new technologies, collaborations, opposition companies leaving the same space due to a poor business model, takeover, - the list goes on.
How many companies have come through the last few years with all the numbers still intact along with a change in vehicle market conditions that are now aligning with the Connexion technologies business model?
During the downturn in market conditions they had the opportunity to analyze and grow their own business model.
At the current share price - a bloody good investment IMO.
CXZ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
