RE:RE:AnyoneI would agree with vehola - this is a transactional service business, not a SaaS business as the IPO positioned. The numbers in the prospectus are mostly pro-forma. They lost over $10M pre-tax in 9 months. I would expect their Q4 numbers to have revenue close to 13M (down approx. 25% from 17M in Q3 as a result of COVID) and generate a substantial real loss when severance costs of their staff cuts are included. The real loss for the quarter could be 5-7M+, making the annual loss $15M or more. The first quarter of 2021 will likely show poor resutls with continued slow business and huge transaction costs associated with their IPO (and let's not forget the massive dilution from the IPO). There's litle organic revenue growth potential here other than price increases.
I expect the institutions who bought 90%+ of the IPO have taken some large profits at the expense of the retail investors who bought post IPO.