Projected F2008 revenuesRevenues for the current fiscal year ( F2008 ) can be roughly scoped,from existing information made available from the company.
The most recent bid basket is $65 million , of which the company states they will get better than 20 %.
Lets say 25 %.
That would translate in about $16 million dollars. Not all of this would be completed in F2008, but this can be roughly balanced by ignoring follow-ons from the F2007 contracts.
Then, assuming a 10 % growth rate for PURE, its revenue contribution would be about $30 million. PURE would contribute for 3 of the 4 quarters for F2008, but that would be more than offset by carry-on contracts for F2007
That adds up to about $45 million for F2008 or about double the $23 million that I expect will be reported today for F2007.
Of course, these calculations could be considerably increased should TOR/PURE secure a couple of substantial projects or...as I would expect....TOR makes another accretive acquisition from its huge cash hoard.
In other words, TOR is going to have a superb growth premium over the next 3-4 years, as the commercializion of its and PURE's suite of water treatment technologies expands into the market place.