PP is at 1.04 with NO warrants, and management is buying 25%
with 21 million shares o/s the market cap is, well let me see if I can do the math, uhhh, 1x21mil = 21 million
this is INSANE based on the pre-announcement of 3q 2021 !!
The Company expects to report revenue of approximately $1.5 million in the third quarter of 2021, compared to $0.3 million in the third quarter of 2020. Revenue more than doubled sequentially from $0.7 million in the second quarter of 2021. These results represent an increase of more than 400% year-over-year and 100% sequentially.
CEO COMMENTARY
"Customer shipments continued to ramp in the third quarter, leading to revenue more than doubling on a sequential basis to $1.5 million," said Raouf Halim, Chief Executive Officer. "We expect this momentum to continue in the fourth quarter, with our outlook calling for revenue to again double on a sequential basis, driven by strong backlog of confirmed customer orders now stretching into 2022. 4"
Q4 2021 Financial Outlook4
Led by increasing order backlog for its data center products, the Company expects significant growth in revenue for the fourth quarter of 2021, to a range of between $2.5 million and $3.5 million4. At the midpoint, this would represent an increase of almost 800% compared to revenue of $0.4 million in the fourth quarter of 2020. Total order backlog starting Q4 2021 has grown to over $7.2 million.
With this current outlook, the Company anticipates that it will achieve EBITDA5 profitability in Q4 20214.
Are you effing kidding me !!!!!
with 3Q pre-announcement and 1 month into 4Q should be high visibility to forecast that, and extrapolate incoming orders for 2022 and you get this
2021 sales >>> $6+ million
2022 sales >>> $20+ million
BOTTOM LINE >>>>> this is currently showing exponential sales growth & trading at 1x 2022 sales !!!
ARE YOU EFFING KIDDING ME?????
also REVIEW the latest corporate presentation, slide 5 shows the sales outlook