JANs performance over the last couple of weeks has been...

JANs performance over the last couple of weeks has been disappointing, dropping even when the market goes up. It is a small cap tech stock with a difference.

- Had an existing product,, market and revenue base is growth market - online education assessment when it listed.
- Management with experience
- Agreements and deals with well known customers
- COVID accelerated uptake of online education.

However what does not seem to have worked is:

- Business with existing customers is not scaling up as expected.
- Revenue per assessment is lower than expected. PISA does not seem to be doing much.
- Hired big guns to grow company but not delivered results.
- General lack of aggressiveness required from a small cap. Almost seems like they are comfortable where they are.

Any thoughts ?


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