Common sense has prevailed. Hopefully we don’t need to extend again.
The new data points are interesting. Rev of $10m somewhat implies ~$11m for FY20. Given we have a reasonable read on schools and the app, if we use $230 as an average price then we’re looking at 2H20 unit sales of around 8,000 give or take a few hundred either side. That comps ~10% higher than 2H19 but only a third of the 25k in 1H20. That also brings total unit sales to just over 30k vs 18k in FY19 but well below original guidance of 90k which was withdrawn and obviously impacted by covid19 too.
I’ll post more data in the valuation thread when they release details on the full year but one other data point to think about for shareholders and prospective shareholders. With cash of $3.7m plus $1.5m that should come in, total cash will be just over $5m implying an EV of $14.5m vs ~$11m in sales. That’s almost an EV/Rev of 1x, which in a year where lots has gone wrong shows you a metric where this screams ridiculously cheap. Anyway, food for thought
MWR Price at posting:
12.5¢ Sentiment: None Disclosure: Held
