LIFX email Update, page-21

Well I ASSumed we would return to pre-suspension levels, but having a look at the market cap, I am not sure if we are worth more than $80-100m, so we may only be looking at 2.8-3.2c.

We ain't exactly that innovative IOT play now are we? So if we are viewed as a retail play we would need a $28m plus net profit to justify $100m MC.

We really only seem to have 2-3 irons in the fire in switch, downlight and maybe socket if it ever eventuates??

It is hard to see where any future innovation comes from, OHM seems to be played out and doesn't have the resources to grow even if it wants to. Where is the juice? What will drive it? It seems the second market position for LIFX is lost due to lack of supply in 2020 too, hopefully quality overrides the cheap end of the market there too.

So yeah, I guess I don't have much to back it up unless they have an absolutely ballistic Dec quarter.