Being able to invest in Verb at this startup stage is a boon to institutions and investors who have done in-depth DD and taken a position in ownership. Since becoming an investor and following this board, I have noted several estimates as to when and how much the sp will be in the future. Redspeed opined a few weeks back that 90% of potential casual potential investors don't look past the balance sheet. I took a look at it from that perspective rounding off for simplicity. YE20 revenue was $10M with a YOY growth rate of 10%. Operating expenses were $30M with a 33% growth rate. A linear extrapolation using these ratios to YE21 suggests revenues of $11M with expenses of $40M. At this burn rate, the $13M cash reserve would be used in a few weeks implying another sale and dilution of shares is necessary to raise capital. As a check, there was a small increase in revenue in Q1, but it still rounds to $10M for YE21. Extrapolated expenses for YE21 is in line for $40M. If the balance sheet is the trigger that brings about the sp reflecting the true value of the company by attracting new long investors, it will take more time while development and marketing costs are high relative to revenue. Hopefully there will be a series of triggers from rolling out new products that gets the ball truly rolling before the revenue/expense ratio flips.
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