Great Q3It's all about Revenue and as reported the pace in which they are growing is big. Assume two more quarters of 100% rev growth, that would have them exiting next year at $12,800,000...apply multiple (very debatable number) of 10x and there you have a .91c stock price. I realize 10x may be a bit generous but so is my assumption of only the next two quarters growing at current pace.
I wont bother trying to value the upside potential once the USA reveneue starts to kick in, I think it would be impossible for the USA revenue not to be a multiple of Canadian rev's...... Only problem I see here is the limited audience XTM has, I do believe at some point the growth rate for not only revenues but also active users will have to attract attention of not only larger home offices and funds but also to potential acquirers.
BTW, I had an analyst tell me 10X multiple is to low......