TSXV:ART.H - Post by User
Comment by
Synthesizer303on Feb 04, 2022 3:55am
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Post# 34396250
RE:RE:RE:RE:competition or technological validation of competitor
RE:RE:RE:RE:competition or technological validation of competitor It's quite simple: if adoption rates at wework are as expected this will be dollar-land soon, they also will become drastically cost effective, due to fixed equipment at permanent locations which means less expenses for logistics and coordination of events, in parallel they will skip most of their inhouse demostudios since they can make use of the wework locations to further reduce cost for building rental.
With 100+ wework locations they could easily make it to a yearly revenue of 60-80mio$ per year, just out of those locations. With the the first 18 wework locations now in place, this is a totally different company than before, valuation will be adjusted very quickly when Q1 kicks in with a revenue in 2.0mio+ In case of good adoption rates.
Actually this is a complete bargain currently!