RE:RE:BlowOut Quarter/ Huge Upside Here is a more precise estimate of 2015 sales based on updated information.
Their forecast is 9 heating units operating iat the end of 2015 versus 5 at the end of 2014.
7 of these will be in the US where margins are much higher.
The computation is elementary.
We have 9/5 X $3.1 X 4 which equals about $23 million.
About 60 % of this will be in US dollars which are now worth about $1.25 times.
Plus they have boosted their state of the art Thru-Tubing Power Tong Units to 6 and are currently building 3 more units.
Put all of this together and sales above $25 milliion can reasonably expected in 2015.
Further upside would be possible from the 640Energy acquisition.
In other words, a fair value on net earnings above $0.30..