Post by retiredcfon Nov 28, 2021 7:15am
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Post# 34173199
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More AnalysisWISH reported strong Q3 results which were in line with expectations. Revenue growth of 90% year-over-year was due to strong organic growth which was estimated to be near 40%. The outlook for 2022 is positive with management on track to doubling the salesforce. The company also doubled its sales team last year. Shares are up 4% over the last three months and seem to have settled and gaining some momentum since bottoming in July. We think given its size it still needs to show a few more strong quarters before investors and institutions get more interested. At 3x sales shares are not 'cheap' especially considering its smaller size, but there are certainly more expensive digital market tech companies out there. It is also important to keep in mind that while revenues are growing fast, they are growing from a small base. We think this one needs some patience.
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