Relative Valuation Even at a stagnant $8mm Q/Q net revenue run rate, you could extrapolate $32mm in annaul net revenue.
(We all know this is not even close to how much Q/Q revenue growth accerlation is actually occurring)
Just at these net revenue levels, on a relative comparison to the industry of 15x, WMD would have to trade at a SP of $3.55 to be in line with peers.
The coming biomass harvesrt in Q3 and subsequent 2020 sales with multiple verticles, the margin of safety in the equity remains significant.