All that matters is Catapult continuing to execute its sales growth plan and deliver on their promises. The share price will follow very closely behind that.
On a separate note, is Nearmap really a SAAS company? Typical SAAS companies won't have to invest much in order to sustain recurring revenues from customers. However, it still need to spend money regularly to capture big swathes of aerial data so that the data offered is still 'fresh'.
Catapult's recurring revenue comes by selling/renting their devices to the Sports Teams and then the metrics for each kind of sports are automated and unless the sports team doesn't have a lot of sports science personnel, then Catapult typically won't have to do much to continue to get this revenue. So, in essence the recurring revenue is quite stable (provided churn rate is kept low). So, why many of the SAAS companies are trading at 9 to 10 times ARR whereas Catapult trades at less than 2 times now?!
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