There's companies with 0 revenue worth more than $12mil, currently just sentiment based valuation around the asset/potential, at least the revenue model here will be high margin, and the target market is huge. Songtradr saying they have a strategy for profitability has a lot more clout than JLS and Jorge, especially after Jorge's $1mil ARR from the API garbage, that was criminal in hindsight. If they genuinely get to profitability within that time frame, revenue would be around $5mil, the growth rate would be nuts which in turn commands higher ratios for valuation, so it's ambitious but not unrealistic. Songtradr are already outlining significant changes that never would have happened under the old structure, I'm sure there's plenty more to come.
JXT Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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