I'm just calling it as i see it. I was a big believer of IKE and held shares and post a lot about the good stuff they were doing and the potential. However when sales started to decline and then they stopped disclosing contracts won i had to reassess and then sell (at a profit)
PERIOD REVENUE QRT VS QRT FY23 Q2 $ 8,600,000.00 26% FY23 Q3 $ 7,900,000.00 -8% FY23 Q4 $ 7,600,000.00 -4% FY24 Q1 $ 5,600,000.00 -26%
Ive always tried to value this on a revenue multiple basis. What's the standard multiple for a company with declining revenue trend?
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