Post by
Smokey1958 on Apr 20, 2021 8:03am
If Nothing Else Changes....
.....and we know it already has with the addition of a rapid antigen test this is a company with a run rate of $60 million annually. The antigen tests cost $60 .....so selling only 20,000 of these a month creates a revenue stream that takes the company over $70 million this year.
It would seem Morningstar's Fair Value sp of $.15 is a far more reasonable valuation ....and that was before confirmation of sales this morning. Imho there is no logical reason for SCRN to be under $.20 ....and maybe even a little higher.
Hopefully this NR will put away any doubts about the capacity of the company to maintain their positive direction.
GLTE!!!
Comment by
frewil11 on Apr 20, 2021 8:16am
I would think profit margin is only around 5 to 10 dollars per kit.
Comment by
FordVictoria on Apr 20, 2021 8:24am
I am sure they are trying to keep same margin of 25 to 30% profit per kit. FV