UNL main business is whitelabel or b2b, we can see from the cashflow that they only spent $160k on direct costs and barely spend any on marketing. Which means many of the sims that their business customers purchased (insurers) were not utilized. As compare to FRX, where it’s focus is on b2c and rely heavily on repeat customers, the sustainability of the business is much greater...
FRX Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
