Wanted Technologies Corporation V.WAN

Excellent Earnings for WAN

[a4shah]

WAN just reported excellent earnings.

At 50 cents, the EV is $12M (MC) - $2M (cash) = $10M

EBITDA is $447K * 4 = $1.8M.

No Debt

Recurring contracts with big players like MSFT.

SaaS company

So you are getting a growth company for 5.5x EV/EBITDA. Amazingly cheap. Would make a great acquisition for one of the big guys.

[martinboum]

Yes great numbers https://www.newswire.ca/en/story/1116279/wanted-technologies-reports-record-net-income-of-332k-for-the-second-quarter-and-25-revenue-increase WANTED Technologies Reports Record Net Income of $332K for the Second Quarter and 25% Revenue Increase WANTED's Trailing 12-month EBITDA reaches $1.2 million as momentum in Human Capital marketplace accelerates Revenues of $1

[a4shah]

Last night I was studying thier financial statements and it seems that their costs are pretty steady. Any increases to licences will increase revenue and that will flow almost directly to the bottom line. So if revenue goes up from $1.7M to $1.9M (12% increase), the EBIDTA could increase from $0.47M to say $0.65M (approx 40% increase). This should provide very nice cashflow.