RE:RE:RE:RE:30s a little high Beech. "...and revenue of ~25M. More rev than here either way"
Yes more, especailly when CTSO recognizes grants as current revenue, and Spectral's $ 7M in non refundable payments from Baxter are treated as a Liability (or Deferred Revenue) and not recognized in current revenue except very ssssssssssssssloooooooooowly over a period of 9 years.
Anyway it's more about future revenue and or more precisely the NPV of future cash flows (or at least it should be). Some would say that the annual targeted revenue is $ 1.5 B USD. Others might say $ 6 B CAD$, not including Dialco revenues and or spin off proceeds, EAA revenues (worldwide), etc. (see MM's previous revenue post)
MM