No financials or hints were provided for that month, so left it blank. It'd be a pure guess how they performed.
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Strong open at 61 cents with big orders starting to pile in. Barely any stock for sale though.
I bought in yesterday with no due diligence on the company at all, have no idea what they do. Only a small parcel.
Everything is pretty bubbly so keen to ride this one up...
Yeah it seems someone is intent on placing roadblocks up. The day the stock started flying someone placed 100k shares at 61,62 and 63 cents either to sell down or prevent the stock from rising. Either way need more momentum to keep moving up, which could be once they publish the March results. Buying momentum has slowed so either we consolidate at 60 or slowly trend back down a little.
My view has always been more about the business in the long run and these guys are on fire. $10m ARR will be an easy target to get this year. If they can on average sign up $500k in ARR a month from now on thats $5m more ARR by the end of the year on top of the current $7m, which they could end up around $13m ARR. As the revenue grows they will be able to utilise more resources to grow and create a snowball effect. I could see them at $30m ARR by the end of next year if their product is as good as they say it is then the stock will move multiple folds if they achieve that.
Yes it looks to me the risk is on the upside from here so I've bought an initial shoal of shares.
Should be news next week on the March ARR numbers, if they can maintain 500k or more ARR increase then its safe to say they have substantially de-risk themselves and its onwards and upwards for the business. If they get over a million in ARR for March then wow the company is going to rocket.