So at 1.10 when i first looked at this business, it was clear that the market was uninterested having the view that it was an ex-growth business.
My thesis was that you get user growth which can offset any declines in revenue per user pricing.
What got me most excited about the latest quarterly was that we had both 1) user growth and 2) increased pricing.
This is what has helped drive a $10M quarter or ~$40M annualised revenue.
My expectations for FY22 if everything remains rosy is $45M of revenue, which at the current share price of 2.25 implies a 4x sales multiple.
In summary i think there is scope for both revenue and multiple expansion in the next 6 months. Let's see.
Ansarada is one of the cheapest tech stocks on the ASX, page-9
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$2.48 |
Change
0.010(0.40%) |
Mkt cap ! $221.5M | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.48 | $2.47 | $1.168M | 471.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1506373 | $2.47 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 18071 | 1 |
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