Why is this company not closer to $1bn market cap when compared to droneshield? I am expecting a re-rate on the back of the audited financials.
We can see that 2023 was pivotal in the turnaround and 2024 looks set to easy eclipse that. Debt repayments will continue, sure, but so will the revenue, gross margins (where 10% increase was realised between 22-23) and cash in bank.
it’s all forecasting but MC $337 but potentially EV of $300m (debt included) for a business generating over $250 in revenue per year.
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