SEHK:1384Software
Deepexi Technology (SEHK:1384) Stock Revenue Builds While Losses Stay Heavy
Deepexi Technology’s stock has been grinding lower for weeks, and today’s earnings highlight one uncomfortable truth. Revenue in the latest half year sits in the hundreds of millions of CNY, but the company is still posting sizeable losses and the price to sales multiple of 15.9x asks investors to pay up for that growth story.
The market has already marked the shares down over the past month and quarter, which suggests investors were braced for bad news. The key question now is whether...