Q: Been a while since MYID has been discussed, how would you rate their progress since April of 2022?
5i Research Answer:
MYID operates as a consumer data and privacy platform. The company’s sales growth was explosive in the last few years. The balance sheet has net debt of $0.8M, MYID will likely need to raise more capital to finance growth as the company is still unprofitable, and burning cash. Also, MYID is a micro-cap name, with an illiquid stock, but given the explosive growth, it is worth putting under the watchlist. We think it is safer for investors to get into profitable, positive cash flow micro-cap companies which are not dependent on external financing. It really is too small for consideration right now.