The crayons tell the story here. But there are many more interesting things you should know about RDZN. This is a great stock for a longterm buy.
1. RDZN has DriveBuddyAI, an AI telematics system to give driver safety and drowsiness alerts among many other features.
2. India has mandated all commercial fleet vehicles above a certain weight install such a system, about 1M vehicles. This was originally planned (actually it was just the initial regulation draft) to begin this month but was moved to Oct 2027 by the Indian regulatory body. They require the device to be "AIS-184" certified.
3. DriveBuddyAI is the only AIS-184 certified device in India, and should the mandate have begun this year, they would have a monopoly. The timeline has been extended to next year but it is reasonable to assume RDZN will still get first mover advantage if competition shows up next year and they have already announced some contracts of such.
4. They have multiple other revenue streams which are all growing. Next earnings is a strong inflection point where the CEO has been guiding for breakeven EBITDA. They are at the cusp of profitability. Currently quarterly revenue is \~15M and CEO is guiding to 25M in 6-12 months (70% increase). They will likely beat next earnings with $17M-18M revenue against the $15.29M analyst expectation because new acquisition revenue is not being considered. This growth is not priced in. They are trading under 1x of 100M annual run rate the CEO is guiding. I believe the market is waiting for this revenue to materialize.
5. They have recently announced multiple new contracts over the past few weeks indicating the interest is real, one of them being with an unnamed top-10 EU automaker.
6. The VehicleCare acquisition was paid for with newly issued shares in the RDZN India subsidiary implies a 277M valuation of the India subsidiary alone, of which the parent RDZN owns 91%. This is a large valuation gap, even just half of this is a 40% increase in RDZN's current market cap.
I am holding 21,300 shares @ 1.16.