Novatti (NOV) reported Q4 Numbers for FY2020, is averaging 50% revenue growth every year, over last 3 years.
86% increasing in processing sales over PCP.
Comparable payments fintech's with similar explosive growth numbers are trading on 15-20X sales.
NOV has $12m of sales and is cashflow breakeven - so at 20x sales share price will be over $1 per share.
Recently signed up
- Visa card issuing status.
- signed up ALIPAY
- Marqeta agrement ( Marqeta is a $5b payments Unicorn from the US which is using NOV to help in Australia).
Extremely tight share register - can easily rocket in the short time period.
Has $13m of cash in bank, won't need to raise again.