Jan. 8 at 6:25 PM
$SMRT - if SmartRent scales only their SaaS out to ~6m units which is how many their current partners have (the 15/20 largest multifamily operators) then at the new ARPU from last earnings which is coming at
$8.21 we could be seeing a stock price of
$30+ per share on SMRT with a typical 10x P/S multiple for software companies (which they will be rated as with their increase of ARPU like they have now and further scaling out).
This is a 15x or higher play and nobody is paying attention. Easy money.
100m in cash, 0 debt, and now looking like neutral cash burn confirmed on next earnings. Every dollar they make is pure profit and they're only getting started.