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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JAN Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
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