Limeade is down 70% since listing in late 2019, and at only 1.6x...

Limeade is down 70% since listing in late 2019, and at only 1.6x ARR is the cheapest HR technology company amongst peers.

The loss of American Airlines ($2m ARR) in late September hurts, but the outlook looks better.

The company has $70m in high margin ARR and a $100m valuation, and hasn't been spending the sales and marketing budget from their IPO.

Is there something I'm missing about Limeade's perception in the market? I wrote more about them in my blog too - https://www.andycrebar.com/p/mopoke-cloud-october-2021