It’s still cheap at 20, 30 and 40 cents. We will find out...

It’s still cheap at 20, 30 and 40 cents.

We will find out tomorrow, it’s tightly held, and if you look at companies like HT8, BUD, 3DP and IHR the power of strong revenue and low market cap makes for a powerful re-rate.

But it could always merely go sideways, or dip in the morning, and jump in the afternoon.

The core scales business is what drives the revenue (and profit?) we will see tomorrow, but the innovation division is where the real 1 billion market cap potential resides. That will take a few more months to play out. People are buying for the fully autonomous frictionless retail technology with a huge addressable market. That’s still being undervalued in my humble opinion. No dollar figures on that yet, but we can guess it will be big one day.

Considering there are quite a few ASX listed tech companies with over 100 million market cap and no revenue, I don’t see why SBW couldn’t move past 30m market cap.