I am amazed at the metric EV/Forward Revenue.
113M MCap - abt 20M cash = 93 M Enterprise Value. Lets round up to 95M
Stated Revenue guidance is about 18M
EV/Forward Revenue is 95/18 = 5.27
I'm in disbelief that this has dropped so low. What an opportunity. How many tech companies go this low?
It's like it's priced for no growth beyond the stated revenue.
I know tech is being hit hard across the board with bad sentiment but I just would have thought that this metric would show enough value to put a floor in the price. But no, I'm wrong.
It's going to be interesting when the next update says.
Hoping there will be some positive developments.
Patience required.
I am amazed at the metric EV/Forward Revenue.113M MCap - abt 20M...
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