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Expensify has a market cap of 150M. Did 150M in revenue last year - top-line shrunk a bit YoY. Two thoughts: 1) If you aren't growing, public markets will value you at 1x ttm rev 😓 2) This should be a good M&A target for any number of the bigger software platforms
As far as SaaS plays goes $SNOW isn’t that expensive anymore. I think you can project out 20% annual returns from here for next few years.
As far as SaaS plays goes $SNOW it’s that expensive anymore. I think you can project out 20% annual returns from here for next few years.
Snowflake ($SNOW) stock continues to face challenges as analysts upgrade its rating to Neutral from Sell. Despite recent re-ratings, the company's valuation remains a topic of discussion, affecting other high multiple software firms. Snowflake's growth rate has slowed down compared to previous years, with ARR reaching $3.1 billion. The market is closely monitoring Snowflake's performance amidst concerns about its future prospects.
