(Total Views: 420)
Posted On: 02/28/2019 5:40:05 PM
Post# of 33056
Fact: Institutions Love SaaS Companies on Major Exchanges
You can do the comparables to VERB yourself
Smartsheet is a 13 year old company
In a very crowded market
$111.3M of total revenue in FY’18
The company lost $49.1 million on that sales figure
Smartsheet accumulated a net deficit of $107 million
64-66% YoY Growth
650K paid users (after 13 years!)
The company priced its initial public offering as $15, above a prior range of $12 to $14 that had already risen from an initial expected range of $10 to $12
Stock Price: $38.42 (currently)
Market Cap: $4B (currently)
Acquisitions:
Converse.AI
Slope
Just imagine if they were listed on the OTC and uplisted to the NYSE they would have been hearing the same noise from people that never evaluated a tech company properly
You can do the comparables to VERB yourself
Smartsheet is a 13 year old company
In a very crowded market
$111.3M of total revenue in FY’18
The company lost $49.1 million on that sales figure
Smartsheet accumulated a net deficit of $107 million
64-66% YoY Growth
650K paid users (after 13 years!)
The company priced its initial public offering as $15, above a prior range of $12 to $14 that had already risen from an initial expected range of $10 to $12
Stock Price: $38.42 (currently)
Market Cap: $4B (currently)
Acquisitions:
Converse.AI
Slope
Just imagine if they were listed on the OTC and uplisted to the NYSE they would have been hearing the same noise from people that never evaluated a tech company properly
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