Thought the $trit call went very well and was very insightful. They’re having a lot of success with the platform and onboarding lenders and traders. With rhodium explained that customers impacted by covid ask for longer payment terms & rodium provided but one lender refused

Rhodium issue Had nothing to do with $trit and as more third party traders using platform becomes less noteable.
Last q had 61 traders on platform and this Q 66. Could have onboarded more but internal teams bandwitch stretched as building out marketing as well

$trit has 171M in cash at the end of the q. 820M mrkt cap and no debt and profitable with 10M net income off 17M in revs this q. As for 2021 during roadshow they let street know their target was to go from 56.6M in rev this yr to 120M next yr. feel right on track for that

For $trit to hit 120M rev next yr average rev per trader needs to be 1.4M & assumes 88 traders. This q3 of 2020 had 66 traders and average rev per trader of 1.04M (up from 61 traders and 750k rev per trader last q). Implies Already on 58M run rate per yr based on current numbers

$trit has multiple modules on their platform with trade finance being 5x as profitable as just trade volume. This q had surge in trade finance volume which is why revs about 17M vs 15.5M expected and 10M net income which is a beat as well.

$trit is interviewing for a chief rev officer and has multiple candidates some of whom have already been through multiple interviews. Overall with the cash on hand the company is trading at 5.5x next yr EV/sales multiple & 11PE next yr eps for company growing 60%+ with huge TAM

Most importantly $trit to me sounded credible and took A LOT of very detailed questions with no limit with onr analyst asking 10 or so very detailed and pointed questions. Didnt feel like company dodged much and sounded knowledgeable and credible