I think you are spot on.
News has been pretty much non existent for the last 4 months, which has been super frustrating, and really does explain the share price capitulation somewhat, however the huge positive is that revenue guidance has not changed at about 18M.
We are now at an Enterprise Value of maybe 70M which means we are at about 3.8 times expected revenue. This is unreal.
Management have previously announced that the Webex app will be released this half. So there is hope for some strong positive news within 9 weeks.
I really think that once the webex app is released, it will dramatically open up the opportunities for 2023FY as it will be a key piece of VR infrastructure that will be easily downloaded for hundreds of millions users worldwide.
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Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.2¢ | $22.24K | 1.628M |
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No. | Vol. | Price($) |
---|---|---|
1 | 15401 | 1.3¢ |
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Price($) | Vol. | No. |
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9 | 2451839 | 0.012 |
9 | 2554825 | 0.011 |
9 | 1148000 | 0.010 |
9 | 1020739 | 0.009 |
Price($) | Vol. | No. |
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0.016 | 31250 | 1 |
0.017 | 857142 | 4 |
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