That was quickAfter posting a 2021 target price of $1.35 only yesterday, I am forced to upgrade already (that is good).
New $2 million contract. No indication of how the money would be spread so assuming for now spread even, giving us 8 months of fiscal 2021 or approximately 670K. Profit margins of 36% gives us about 240K gross profit and I’m estimating +/- 90k net income (could be little more or less on this product).
For now that gives us an extra 3.5 cents/share until we see how the money is distributed. Potential annual revenue is quickly closing in on that 30 million milestone, so my new 2021 target has increased to $1.40.
GLTA