Pinned valuation:
See straw for details.
At this point, I don’t expect earnings to grow by 90% year-over-year again, but I believe 20%-25%+ earnings growth is possible. If so, FY25 earnings might land in the $8.5M to $9.5M range.
Applying a PE of 25 (yes, I’ve changed my mind) for a high-growth company suggests a valuation of $210M, with a share price target of $4.75.
Hi JP. Wondering what your take is now at $1.53? Seems like a great entry point.
What’s not to like?