WEYL October, Suen purchased from the open market

WEYL October, Suen purchased from the open market 99,000 shares of the company’s common stock, and then two weeks ago purchased another 900,000 in a private transaction. The press release announcing the purchases, Suen noted that publicly-traded SaaS/PaaS companies typically trade on average at around 10x revenue according to Crunchbase, with other microcap comparables trading around 4x revenue on average. Companies with cloud-based or platform-as-a-service models attract higher multiples due to ‘stickier,’ higher-margin customer engagements that provide greater transparency into revenue and profitability.