ReconcillingI am impressed that Gross Margin is actually 100%. I am not sure why on the presentations they say 85% Gross Margins. Then there was the EBITDA of 80% which if they have GM or 100% is achieveable.
Then there is the profitability in Dec with $300,000 in recurring revenue when their run rate on expenses based on this Q is $1.8 Million. That is $600k per month in expenses.
But now that there is a better picture of expenses this is the updated spreadsheet and its still looking good but hopefully we get more clarity on things on the CC and will amend the Spreadsheet as details emerge.
| RELIQ HEALTH PROJECTIONS | | | |
| Expressed in USD | 2018 | 2019 | 2020 | 2021 |
| SUBSCRIBERS | 30,000 | 60,000 | 125,000 | 250,000 |
| REV PER SUB | 600 | 600 | 600 | 600 |
| REVENUE | | 18,000,000 | 36,000,000 | 75,000,000 | 150,000,000 |
| | | | | | |
| GM 100% | | 18,000,000 | 36,000,000 | 75,000,000 | 150,000,000 |
| EXPENSES | 6,900,000 | 8,000,000 | 12,000,000 | 16,000,000 |
| NIBT | | 11,100,000 | 28,000,000 | 63,000,000 | 134,000,000 |
| Tax 25% | 0.25 | | | 15,750,000 | 33,500,000 |
| NIAT | | 11,100,000 | 28,000,000 | 47,250,000 | 100,500,000 |
| | | | | | |
| Op Margin | 62% | 78% | 63% | 67% |
| EBITDA | | 61.7% | 77.8% | 84.0% | 89.3% |
| SHARES | | 131,000,000 | 131,000,000 | 131,000,000 | 131,000,000 |
| EPS | | $ 0.08 | $ 0.21 | $ 0.36 | $ 0.77 |
| Earnings Growth | | 252% | 169% | 213% |
| PE 20 | | $ 1.69 | $ 4.27 | $ 7.21 | $ 15.34 |