Good stuff @futurenow. Adding to you research, taking a step back, we notice:
Historical average EV / Sales multiple: 6.77x
Multiple today: 1.16x
I explain my research on them and 24 other listed Says small cap companies in this article: https://goforgrowthco.substack.com/p/todays-growth-multiples
With market sentiment shift alone, when the market turns, there’s good upside potential here in my opinion.
Services based revenue growth has got people valuaing them differently, which is warranted, but the confusion might be creating an opportunity in front of us.
Will be interesting to watch was sort of growth consistency they can achieve in the next year.
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