Pinned valuation:
Ok going have rough stab at this, finding hard to forecast revenue growth too far in future. Take this valuation with grain of salt.
Assume no growth Revenue $40m
I used a share count of 138,851,125 which includes $6m capital raise dilution plus I have included an extra 3%.
Revenue per share 0.03 Cents
Revenue multiple of something similar to VHT of 4 gives me 0.12
Probably review once more information comes to light
Hi @Magneto i think you missed a zero ~140m should be ~1.4B but the calculations of 3c per share off 40m revenue works out so I am assuming it was just a written typo. I think 12c is a fair valuation if they can be cash flow / EBITDA positive FY24 as they have reinforced.