RE:RE:RE:Great Day! $3.62 close Cost and Valuation
The kits are set to be priced at $25-50 (CAD,) with a 70-80% profit margin. The company currently has LOI’s signed, totaling 4.7M units, indicating a recoup of the initial investment, with clear signs for growth.
SONA will continue to increase in value if the company can deliver on its promise to yield 20,000 test kits available per week, with the goal of scaling to 1M per week, upward of 100M per year. Value grow if the company can deliver without increasing costs beyond what is already deemed acceptable via the model of other infectious disease testing and while continuing to deliver results in 5-10 minutes.
SONA’s capacity claims have been third-party validated and await Health Canada.
This article claims that they have been 3rd party validated already???
Interesting!! GTLA