HS.c Q3 earnings equate to 46.5% of its total valuation. HS GovTech’s (CSE: HS) recent quarterly results are highly optimistic and show the company is continuing on a strong growth trajectory.
TCV for deals that were either fully executed or agreed to during the quarter totaled $11.4 million. These quarterly earnings equate to 46.5% of the company’s current valuation. This is a pretty extreme metric for any tech company, as the industry average price to sales ratio is around 13-14. This means companies in HS’s sector generally trade at a valuation of 13x-14x earnings.
HS’s CEO Silas Garrison, who has over two decades of experience working with local governments, stated the current market shows there has never been a more prime opportunity for continued growth than right now. As the demand from agencies needing to modernize their data solutions continues to swell, HS is becoming increasingly top of mind for numerous agency leaders across the US and Canada.
HS.c is currently trading at $.42.
https://ceo.ca/@newswire/hs-govtech-solutions-inc-announces-q3-sales-performance