That is a fair assessment. However if growth returns , I would argue multiples may run into the hundreds . Considering addressable market , zero barriers to expansion . Gross profit margins. and product/service verticals as demonstrated with NSX (Clearpay). Just take a look at some ridiculous valuations for companies not even achieving NPAT. P/E into the hundreds and that’s not going near the Tesla’s of the world of which there are many now
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held