IPO - Nexion Group Ltd - 20 January 2021 #, page-78

Just be patient. A hybrid cloud company, which doubles its revenue each year and around half of its revenue come from ongoing subscriptions are trading currently below annual sales revenue times four. Now that NNG is well funded and cash flow positive, it can concentrate on acquiring more customers to grow further.

If you look into Amazon's Q4 earnings report, more than half (!) of their quarterly profit came from AWS (more profit than e-commerce) and it's only 10% of their total revenue. This means Amazon has a profit margin of 30+% on its cloud services business, which is a very healthy margin.

NNG is steal for the current valuations imo, so congratulations on your investment. Once the market recognises the potential, the SP will rerate.