If DSE can increase ARR to $8m by the end of CY2020, on a...

If DSE can increase ARR to $8m by the end of CY2020, on a conservative 5x multiple, we are looking at a share price of 10 cents minimum.

On a 10x multiple, we would be looking at a share price of 20 cents off ARR of $8m, which is not too far off.

The team has been growing ARR very fast in the last few months, ARR climbed from $3.8m in June 2019 to ~$5m in Dec 2019.

At that growth rate, we are on track for $8m ARR or more by the end of calendar year 2020.

I think a 10 cent share price is around the corner...

Cheers,

T.E.P.