Whilst the market cap is quite high compared to current earnings...

Whilst the market cap is quite high compared to current earnings I think the market is more trying to put a value on the 1.2bln professional profile database, the likes of Canaccord - Credit Suisse - Fidelity are but a few of the bigger hitters to show that they think this is a very important and valuable asset. The company is in the process of monetising that asset, we are more likely to see them do so in the coming months and year ahead, the likes of the above mentioned investors are less likely to be expecting earnings to shoot the lights out straight away and more likely to want to see a well established/implemented plan to break into the market and grow the earnings base.

These guys have sat down with the company and leadership team to see first hand how valuable this asset could be worth and how easy it works. I think we will see many more clients coming on board due to the ease of being handed these curated pools with the most skilled and highly connected passive candidates for current open roles they are trying to fill. It's obvious that Starbucks thought it an easy and very helpful way to help with their needs, with the first request being 30k prospective candidates!

Management are also happy to stick with their targets and said so in the announcement on 11/11/15:

"1-Page remains confident to achieve its stated targets of clients and expected contract sizes before Financial Year end, January 31 2016."