Apr. 2 at 10:17 AM
$TRUG Been here for a while and truly baffled. There is a lot to be excited about here. Each time a franchise opens they will get a franchise fee, hardware sales, software sales, and then royalty payments on future revenue.
If you assume their legacy business continues to do
$4 million per quarter and then you start stacking this franchise revenue, and then the potential of the gambling business and they keep costs under control, I think we are heading towards a company doing
$30M of annualized revenue with expanding margins and a transition to profitability, which would hopefully earn it at least a 1X sales multiple.
Dilution is a big question but trading at 0.1X sales with ample cash runway, products that are actually good and feasible growth plans? I don’t get it.
