TimMcCracken wrote: I have been tracking quarterly revenues since my first purchase and the growth/ data is worth a look.
The dates represent the end of each respective quarter;
March 31, 2015 - $1,266,000
Market Cap = $102,500,000
P/S = 20.24
June 30, 2015 - $1,710,000
QoQ growth = 39.48%
Market Cap = $137,500,000
P/S = 20.10
September 30, 2015 - $2,470,000 QoQ growth = 44.44%
Market Cap = $234,000,000
P/S = 23.63
December 31, 2015 - $3,480,000
QoQ growth = 40.89%
Market cap = $262,200,000
P/S = 18.83
March 31, 2016 - $5,040,000
QoQ growth = 44.83
Market Cap = $286,650,000
P/S = 14.21 (after this was reported in June it followed a big run in July due to TSX up list)
June 30, 2016 - $6,870,000
QoQ growth = 38.49%
Market Cap = $432,900,000
P/S = 15.75 (followed by a further run into September/ November)
September 30, 2016 - $8,500,000
QoQ growth = 21.78%
Market Cap = $953,350,000
P/S = 28.03 (set the table for the craziness)
December 31, 2016 - $9,750,000
QoQ growth = 14.71%
Market Cap = $1,433,750,000
P/S = 36.76 (no wonder the ar-se came out of it, had no get back to its normal P/S range of 18-21)
March 31, 2017 - $14,700,000
QoQ growth = 50.77%
Market Cap = $1,323,300,000
P/S = 22.50
June 30, 2017 - ???????
P/S = ? No clue but I'm willing to bet that after the dust settles it falls back in the 20 x sales range.
I have always pounded the table on sales ... this is why ... I am happy with 20% QoQ.
As you can see as sales have grown so has the market cap ... over this period the market cap has grown by 1190% and over this period sales have grown by 1125% ... now that is crazy! ... do we believe this is by chance?
Sales appear to be King in this or any growing industry ... we need to remain realistic ... as we only participant in a medical market currently that grows at 30% QoQ ... with more competition arising I for one am more than happy with 20% QoQ.
The historical data is pretty interesting to look back on ... if you are truly long on any company I suggest tracking it over long periods. It is nice to see how far companies can progress after only a short few years.
Regards,
Tim