let's correct those figures shall we ...in 2017 revenue was...

let's correct those figures shall we ...

in 2017 revenue was 1.3 million
in 2018 revenue was 6 million (p24)
it had a multiplier of approx 200 - obviously because of the growth it was going through.
now at that value that 'multiplier' would be under 2.
so would have been a horrible investment?

Valuation figures are calculated more on total revenue ... not profit.

but thanks for reminding us that ISX has been profitable for five odd years.

and in that 5 years they went from a EBITA per year of 10 million AUD ish to approx 50 million euro EBITA which is about 80 million aud.
800% growth in 5 years... or 160% pa.

Any questions?