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I like to beg you differ with your 'APX Rev to MC multiple is...

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Kushnal

131 Posts.

20

14/11/24

15:28

Post #: 76608309
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Originally posted by Evergrayeful: ↑

VR1 is a truly AI and SR space tec company hugely undervalued like APX once was.

They have an agreement with DELL and reported $1.6m AI software sale in early Nov.

Total rev in FY24 is $44m and will likely be close to $60m in FY25.

Current MC is $35m giving a MC/Rev multiple of 0.8 times.

Cash and funding = $8m, giving an EV of just $23m!

APX Rev to MC multiple is about 4x

VR1 should be at a MC of at least $120m to begin with -

Potential upside is 300% to 400% in near term!

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I like to beg you differ with your 'APX Rev to MC multiple is about 4x'

Appen has reported revenue circa USD $200M for FY24 which translate to AUD $300M. so Appen's MC is trading around 2.5x to its revenue on FY24 basis and for 2x for its FY25 revenue.

Happy to be corrected...
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