After cash Acuitys market cap is 130 million cdn at the moment. The company has about over 30 million fcf right now and about 15 million clean profit. There is only upside for a patient investor here. A healthy increase in sales in the second half of 2022 along with an eventual acquisition can blow this above $10 just as quick as it came down.
I personally am happy that they are taking their time to find a right fit for an acquisition. Wait until the rate hikes take down the market cap of potential companies out there and they will be able to get a bargain. Transition the new clients they acquire to illumin to ramp up sales and margins. As acuity is profitable they are not going anywhere. AT has already taken the hit to their market cap prior to the coming rate hikes. The storm that looks like is coming to tech stocks will be a net benefit to them in due time..just need to weather it for a bit..