Current - 26 Aug 2024

• Updated Valuation to $3.50
• I have not re-run my model, but just adjusted in my head.
• I think we are seeing not only the new markets, new accounts in exisiting markets, but also deeper penetration into existing accounts. This all will add to revenue.
• I think also that we can factor in a small amount to the SP for these new products coming. Swami seems to have this under control with a clear timeframe in mind.

29 Feb 2024

• Updating Valuation to $2.75
• Based on same assumptions below, but hitting their targets earlier.
• Also it seems that each Sales Rep is producing more revenue than I had originally had in my assumptions.
• Still have not factored in new PNV products.
• The PNV team also seem to be working really well...which bodes well.

Sept 2023

• I think PNV will continue to achieve it’s growth strategy and see revenue continue to grow globally for it’s existing products. 
• I think PNV will continue to add new products which will expand it’s revenue.
• I think PNV is currently undervalue at $1.50 (22 August 2023) and should move up to about $2.20 by the early 2024.