OnTheMarket is projected to break even around two years from now.
Investor website Simply Wall St says that according to the three industry analysts covering OTM, the consensus is that break-even is near.
They expect the company to post a final loss next year, before turning a profit of £12m in 2021.
However, says the commentary, working backwards from estimates, it turns out that the analysts expect OTM to grow 91% year on year.
Simply Wall St says that this is rather optimistic, and slower growth would mean profitability later on.
But is such growth possible? It is not out of the ordinary when a company is in a period of investment.
A plus for OTM is that it has no debt on its balance sheet “which is rare for a loss-making growth company”. These usually have a high level of debt relative to equity.
However, OTM currently operates purely off its shareholder funding and has no debt obligations, making it a “less risky investment”.
More here, with further analysis that can be clicked through to: