Ive done a little digging and I dont feed confident enough to pull the trigger on this one.
It may do well, as this will be an industry with many winners, however, its a really small fish and there are plenty of sharks running around already. $300m market cap has priced in a lot of positives for a profitless company.
Also not a fan of the exorbitant directors fees. No one in this stage of the game needs to get paid $400k in cash for a profitless company.
I guess the key here, is if you are interested in chatbot tech, there are 50+ other companies which you could try invest in instead. Why choose this one? Because its listed in Aus?
Notes:
Industry is growing exponentially. Most companies really only heard about this tech 3 years ago.
$37m in cash will probably last them 3 quarters
High Price/Rev = 50x
Costs growing 2 x faster than revenue eg, spending $2 to make $1.
Directors are being paid $3m in a company which reported $6m in revenue.
Silicone valley company listed on ASX?
Competing with large companies and endless VCs Chatbot Companies
LVT Price at posting:
52.0¢ Sentiment: None Disclosure: Not Held
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