EasTower Wireless Inc V.ESTW.H

Estimated Revenues in Q4

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A similar company.....Murphy Wireless Services...generates $190,000 US in revenue per crew employee per year ...

https://www.konaequity.com/company/murphy-tower-service-llc-4019040969/

According to EasTower, they forecast having 10 crews fully employed by Oct 2022.

A crew comprises 4 men , so 10 Crews represents 40 crew members .

At $190,000 US per Crew per year, .......$190,000 x 40 = $7.6 million US = $9.5 million CAD.

That was before the recent two largest contracts .
So, reaching a $15 million runrate by exit 2022 seems reasonable .

Going forward, I fully expect to see many more contracts announced before Oct 2022..

[nozzpack]

So, based  on Crew expansion forecast for 2022, EasTower should reach a revenue runrate of $9.5 million CAD beginning in October 2022. Its difficult to find a perfect fit with EasTower from listed equities but averaging construction and technology I get a Price to Sales of about 4 times. With an annual revenue runrate of $9.5 million cad beginning in October 2022, this would equate to a