Great News!To paraphrase comments from the CEO himself (The Capital Ideas Interview), his goal was to increase revenue by 50% year over year as a realistic goal to becoming EBITDA positive
Nice!
Last fiscal year revenues were $12 Million
To achieve 50 % YOY, we need to see $18 Miilion this year
I believe we are on pace to achieve close to $20 Million this fiscal year..... CHECK
To achieve 50% YOY for next fiscal year (at $20 M base), we will need to see $30 Million in sales for Fiscal 2018..... With this order of $1.2 Million, we are already 4% of the way there... CHECK
In a previous post, I estimated that $30 Million in gross revenue would likely equate to earnings around $0.05 - $0.06 EPS (at current To slightly increased expenses for marketing)... At a multiple of 20X, that equates to a shareprice estimate of $1.00 - $1.20 which is a possible 2X return from shareprice today
Now if they can close the deal to get carrier service in the US with someone like AT&T (or similar) and start selling into the US market.... IMO, the potential for 3X or 4X is a good possibilty
I have added to my position below $0.60 as well...
Good Luck Longs!
FI4