Mar. 19 at 1:24 PM
$DCGO So... they just "kitchen-sinked" the balance sheet, wiping out intangibles to zero. This creates a massive tax shield that’s pure gold for any acquirer looking to offset their own profits.
The valuation is currently insane, the cap is around
$70M, yet they have nearly
$70M in cash plus
$20M in NYC receivables coming this year. The market is essentially valuing the actual business at zero.
With 2026 revenue projected at
$300M and losses shrinking to near-breakeven (
$5-10M), the fundamentals are turning around. They’ve already confirmed hiring an investment bank to "maximize shareholder value," which is "we are for sale." Even at double the current stock price, a buyer wins just on the cash and tax savings alone @Nuclear_Elvis please, correct me if I'm off on any of this.