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wallstreet1231

04/10/23 4:41 PM

#71518 RE: kbaz #71517

Agree, FRZT is (I believe) significantly undervalued with a market cap at roughly 3m - could easily be 30m with promotion etc.

What I don't like:

. Net income is down signficantly 2022 versus 2021.

.. Net cash down from Op down almost 50% 2022 versus 2021.

. Intellectual Property was constant 2022 verus 2021. Expected an increase.

. Significant notes payable in 2023.

. Modest decline in revenue 2022 versus 2021. Would have expected a signficant increase within programs and coming out of Covid. Not good optics here.

. Churn numbers and CAC don't appear to be provided. Churn is a key metric.

Would like to see FRZT improve their metrics to gain attention, at least greater attention,within the market.

My opinions.