The migration to SaaS is the main one of interest to me.
Here is how I am looking at what Lee called the Big Migration.
Customer Conversion to SaaS --> Of the 1200 customers, 271 have moved across to the SaaS enterprise platform. The 271 represents about 23% of the 1200.
ARR run rate --> Have gone from $0 to $7.6m in ARR in last 12 months, which I gather is coming from those 271 customers. This ends up being an average of about $28k a year based on the customer numbers. I think the market will wake up when the ARR gets over $10m, which is roughly 360 customers signed up to the SaaS enterprise platform.
Overall Potential --> Say we end up converting about 70%, or about 840 customers. If the average customer number stays at $28k, this would see ARR climb to roughly $23.5m.
Valuation --> If we get valued at 3 times SaaS revenue, which would be considered low if we were a profitable SaaS company, then the market cap heads back to $70m, which is around the 40 cents mark. I think it can easily exceed that longer term, but needs to get past this migration and illustrate strong growth in key international markets (US / UK).
- Forums
- ASX - By Stock
- Ann: Xref Limited - Annual Report - 2023
The migration to SaaS is the main one of interest to me. Here is...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XF1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $24.58M |
Open | High | Low | Value | Volume |
12.0¢ | 13.0¢ | 12.0¢ | $4.064K | 31.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21403 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 18195 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120000 | 0.130 |
1 | 21403 | 0.125 |
2 | 113199 | 0.120 |
1 | 200000 | 0.115 |
2 | 189095 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 18195 | 2 |
0.150 | 33500 | 2 |
0.175 | 17000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 12.33pm 14/05/2024 (20 minute delay) ? |
Featured News
XF1 (ASX) Chart |