- I am not sure, something to ask I suppose.
- Probably due to the upfront cost of developing and launching their SaaS Carbon product, TCS, on the other hand is a service-based company directly marking up x% over their employee salary. Operating leverage should play out here if they’re able to sell the product - basically fixed costs remain the same while sales increase
- Look at the con-calls, they have previously given a 20% revenue growth guidance over the next few years, though I feel the company should comfortably beat this (going by the Marketing JD on their careers page). For industry growth, you can look at other global players like Workiva. Not a direct comparison, since Workiva’s portfolio of products is much larger and their pricing is also much higher than IRIS Carbon
- Management has repeatedly said the reason for not raising direct funds is because they don’t want to dilute at such a low market cap. Additionally, the management can’t participate in a rights issue due to their low salaries. Look at their credentials, folks from Ivy League, IIM-A working at 45 lpa + bonus. The highest paid employee is their CTO.
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