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Therma Bright Inc V.THRM

Alternate Symbol(s):  TBRIF

Therma Bright Inc. is a developer and partner in a range of diagnostic and medical device technologies. It focuses on providing consumers and medical professionals with solutions that address medical and healthcare challenges. It is involved in developing, acquiring, manufacturing, and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace. Its product offerings include Covid-19 diagnostic test product line, such as AcuVid COVID-19 Rapid Antigen Saliva Test and AcuVid COVID-19 Rapid Antibody Test; Sores & Bite Inflammation Therapy product line, such as InterceptCS Cold Sore Prevention System and TherOZap, and Muscle Pain & Blood Circulation Health Therapy product line, such as Venowave, which is a circulation booster designed to improve circulation in the lower extremities. The Venowave is a medical compression pump that is lightweight, compact, battery operated, designed to treat and alleviate the symptoms associated with poor circulation.


TSXV:THRM - Post by User

Post by hk1966on May 15, 2022 8:04am
316 Views
Post# 34684665

Check out share price calculations below..

Check out share price calculations below..I believe Therma is considerably undervalued in the marketplace today. 10,000 units per year of Venowave would likely generate a gp of 1 million based on gp of 100 per unit on an assumed sell out price to DME of 200-250 per unit. Assume full dilution of 300 million units and a P to E of 20 (in line for tech and medical companies) gets you a share price of 6 cents. I think once production and logistic bottlenecks are resolved 100,000 units per year could easily be moved in the US alone leading to an Enterprise value of 60 cents. Notice how I valued all other devices including Acuvid at zero. In a country like the US the potential size of this Venowave is likely 5-10 million units per year based on a rapidly aging population. Let me be a bit self indulgent for a sec: 10 million units at 100 gp is 1 billion per year in total margin. Long story short when someone quote a Morningstar fair value of 51 cents I can easily see how an analyst came up to that number. At this point in time I also now see why Rob Fia made a comment in one of his recent YouTube videos that the market is discounting the potential of Venowave. Enjoy your Sunday everyone. 
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