Tie Kinetix too difficult pile

The company has switched to focus on its FLOW Software As A Service (SAAS) product. Made a loss in 2022. Book value EUR 10,8 shares outstanding 1,9 million = Book value per share = EUR 5,7

Share price;  EUR 16,9

Not a share for the Benjamin Graham Defensive investor. 

"We are planning for the full effects of our high growth plan to become visible in the order intake during 2023, due to the length of our sales cycle (6-9 months on average). In turn, the effects on SaaS revenues will generally follow over the course of a 3-year period upon signing and implementing such sales. We are, therefore, planning for the revenue effect of our high growth plan to become visible toward the end of 2023 and from 2024 onwards."