Benjamins, you see overly offended at my criticism of Blue Ocean Equities! Do you work there or something? Lol! FYI the global target market for LVT is around 400,000 companies/government bodies, ie those using Microsoft SharePoint/Azure that have at least 100-200 employees. LVT’s last reported customer base number was 880 (this number would clearly be higher by now) and their average annual revenue per customer is trending towards $50,000 (they think it will be there by the end of FY 2021). So to break it down, assuming average revenue per customer of $50,000, in order to get to ARR of $100m all they need to do is increase customer numbers from 880 currently to 2,000. Personally I think they will p*ss that in! And note that 2,000 is 0.5% of the global opportunity referred to above. That is why I have my eye on $200m ARR and well well beyond. Just imagine what the share price will be if they end up with 10% or more which is feasible considering the quality of their products. Stick that in your pipe and smoke it!!
LVT Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held