RE: Just Added21 Jul 2021 18:45
The company doesn’t need to scale to a billion revenue to justify a much higher market cap.
The issue is the revenue of 277m isn’t really because the GM has truly scaled up business, it was kind of a windfall, right product, right place, right time but ultimately a demand which will subside.
Basically a lottery win, he didn’t create the demand, although granted they were quick enough to meet it, hence the huge SP rise but then the fall.
It is also a market place where profit margins will get lower and lower.
If they can show they can generate even just the existing revenue outside of Covid the SP would easily be many times it’s current one.
That is key, use that cash for some solid non Covid M@A and this could take a huge sustainable leap.