Cheers Simon. Completely agree with you when it comes to the product, company culture and staff. I also see where you are coming from regarding the revenue model. Personally, I don’t mind the credit model for their business because some smaller companies are more likely to convert with it. That’s how my previous employer uses Seek for example (credit model). Large companies would have no issue with a subscription, but small-medium sized companies who recruit less often and infrequently or inconsistently would convert easier on a credit model. That's the philosophy at least. I agree that there is an opportunity to pivot if required and that if I was running the business I would consider a more pure SaaS model. There are many opportunities to capitalise over the next few months for XF1, when it comes to the LinkedIn partnership, the revenue model and the post COVID re-hiring frenzy... impending cash-flow breakeven is perhaps the biggest near-term milestone of them all for XRef. This company was unfairly punished, it will be back above 30c soon enough.
XF1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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