Yeah - market cap $460m, revenue $24m so almost 20x revenue. But profitable now so at least there's that.
Undervalued? Not on the business as it stands today, but almost certainly on the business in 10 years given continued growth. Make no mistake, this absolutely needs to keep growing quickly to maintain its valuation, but leading platforms like these in developing & emerging markets are a safer bet than most for growth. We will get smashed in a market downturn but that won't change the 10 year outlook.
Yeah - market cap $460m, revenue $24m so almost 20x revenue. But...
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