Three-minute pitch #9

A SaaS gem trading at 1x ARR

Sometimes you can’t help yourself.

Imagine the scene.

Somebody knocks at your door. There’s a package that’s just arrived from a faraway land.

You tear it open. There it is, in a beautiful red cover, a Winter 2024 edition of the Japan Company Handbook.

The time is finally right to search for net-nets in the Land of the Rising Sun, you think to yourself.

You start leafing through the pages. Slowly. Then, more quickly. You stop. You see something that takes you back to a familiar and comforting place.

A software microcap trading at 1x annual recurring revenue (ARR)?

The net-nets will have to wait…