This valuation looks bonkers!
We are puzzled by the high valuation of this loss-making, AIM quoted, software business, operating in a niche sector, while elsewhere one of AIM’s Top 100 reassures with its latest update.
essensys: chugging along, but the valuation looks bonkers! essensys (LON:ESYS), the provider of software to the flexible workspace industry, issued an in-line trading update for its financial year ending 31 July 2021, but we are puzzled by the sky-high valuation of this business. essensys says its software has been designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. We have experienced the shortcomings of software used by workspace operators and appreciate the requirement for simple efficient software to make life easier, but the software demands also seem…