Q4: Firing on all Cylinders Heading into 2017…Such a great stealth growing SaaS play. I love the switch to more of a re-occurring business model as this will naturally gain a higher valuation multiple and more stable and predictable income stream.
To be honest, I was hoping for a little stronger top line figure but given the shift to more of a subscription model revenues will be less front loaded so 2017 is primed to be a huge year as many of these large announced agreements signed in late Q4 start bringing in revenue. (Management even told you that was the case in the PR)
With a Cash position now of 2.6M with no debt the business is primed to aggressively invest in growth initiatives without the fear of a levered balance sheet --- very attractive feature for these smaller growth tech plays.
Will defiantly be looking for some liquidity to add today as the setup into 2017 looks primed for growth as all the hard work in 2016 (16 Business Highlight Listed in PR for 2016!) will finally pay off in significant revenue growth.
LONG getting LONGER