not sure about the scale of the wins but I noticed the 500k/month win rate too.
In terms of you concern and the ‘quality’ of the growth, there’s a couple of things to consider:
firstly the odotech conversions are clearly an important tailwind which will abate over the coming twelve months.
Will the network effect take over as a tailwind, we’re yet to know...
But if we conservatively strip out these conversions and assume 300k/month is new growth, that is still a growth rate of close to 100% yoy of arr. what do you think is a fair price to sales multiple for a saas company growing at that rate who are funded to cash flow positive? (Assuming they hit their targets)
ps you and I must be the only two investors in this universe who follow evs and kov - couldn’t be too companies at further ends of the spectrum!
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