DSE 3.94% $3.90 dropsuite limited

Ann: 400,000 users exceeded, page-38

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  1. 1,806 Posts.
    lightbulb Created with Sketch. 58
    Got it, thanks!

    So about 515m shares (majority of additional are escrowed until 24 months after listing). Exclude the options presumably as these will result in cash on exercise?

    515m shares @ 11.5c = $63m Market Cap

    $1.25/user/month puts us ARR at around $4.5m and assuming the last 100,000 users came on at a conservative 75c/user/month that puts ARR at about $5.4m. So we are trading at about 11.6x revenues. That seems pretty reasonable for a SaaS business that is growing so quickly doesn’t it?

    How are my calculations looking?

    Thanks again for your guidance re MC.

    Cheers,
    TT
 
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