Cameron Beavis sold his company, GlobalX, for $166 million in 2021, netting $60 million personally. Identitii's current focus on data sharing meets a high market demand, yet their sales team struggles to sell the product. In contrast, archTIS (ASX: AR9) offers a similar product, generating over $10 million in annual revenue with positive EBITDA and a market cap of approximately $22 million. Meanwhile, several AI startups in this field are quickly attracting customers. Beavis sees significant opportunities in this area but believes that for the company to grow. In my opinion, JR and the current sales team need to be replaced to get success.
ID8 Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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