VQS valuation - significantly undervaluedVQS current valuation ($USD) = $10.7M
VQS Q1 '23 revenues ($USD) = $10.1M
anyone else find that VQS is insanely cheap and has been significantly hammered during market downturns (due to the risk of it being a small cap)? I bought more today as I anticipate Q1 being the outlier and Q2-4 showing more growth/margin imrprovement.
even if VQS had 3 more quarters of $10M revenue for the rest of fiscal 2023, it would have annual revenue of $40M - at 1 times revenues (valued at $40M) this should go up 4 times its current value. At 2 or 3 times revenues, it goes up significantly more than that. Another couple quarters of executing on their migrations and we should start seeing more reasonable valuations IMO