"Why did PNV grow slower than AVH?" I explained this before. It's because PNV did not need to burn through millions like AVH. PNV's U.S operations are near break even. Yes, even at this early growth stage, they can still grow their business without having massive negative cash flow like AVH.
What AVH has shown is that their growth is driven entirely by massive negative cash flow. What the last quarter showed was that as soon as there is a bump in the road AVH's growth stalls. PNV... spending less on marketing and sales continues to grow even through COVID.
That is why PNV's share price has outperformed AVH this year.
"I guarantee if you didn't hold any, you would be saying to sell both" - Nope. Speak for yourself.
AVH Price at posting:
$6.07 Sentiment: Sell Disclosure: Not Held
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