A lot of people are upset about the lack of a new customer announcement.
Considering that sales teams are unable to be deployed due to covid, yet the business has still grown revenue from FY19 at growth rates of 51% & 14% respectively.
Also, one needs to consider the fact they have just raised $35m + in capital that will be deployed into working capital, sales & marketing and will be expected to further boost growth.
One would expect them to achieve a lot greater growth in a post-covid world. Hypothesising a triple size of revenues in FY25 isn't completely unfeasible given the above. If the company were able to achieve this then the stock will be 3-4 times higher than current valuation implied by the market.
The SP will fluctuate in the short term, if it is on the basis of no news then theoretically one would buy more stock....?
A lot of people are upset about the lack of a new customer...
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