@mikebrisy thanks for the information and also the correction to my numbers for FY23 of ~32 not ~36m.
It has been on my watch list for a while and I decided to take a small 0.5% stake in my real life portfolio. I wanted to take a position earlier. However, there was significant noise out there comparing this to PME so I took a step back to look at the opportunity for M7T should they be able to execute without being blinded by the dream of a 100x opportunity.
When reviewing company info and data the sentence below from the Aug results summary caught my eye.
”The ARR run rate now covers approximately 65% of the Company’s annual operating costs”.
I find this an indication of the potential profitability the company can look forward to should they continue to win contracts and an insight into how management are developing the business.
