@Brett M H yes a solid result and when you think this is just for transaction processing revenue. Last year they made 3.9m total for the year from area thus, this looks like it could go close to doubling this year. Even if revenue from Novatti Platform (FY19 2.2m) and Billing (FY19 2.2m) was unchanged (unlikely) this should be a ~2.5-3.0m quarter. At current growth rates FY20 of 11-12m is achievable thus the company MC is at only 3x revenue.
NOV Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
