Conservative example on LTE.Revenue $20 million. Gross margin 35%. Tax rate 40%. Multiple 30X. 43 million shs o/s.
Present burn rate $1 1/2 million +/-. Translates into $2.30 share. Approx. $11 million in the bank, no immediate need for PP's, no outstanding warrants and a tight float.
No comparable publically listed, pure fibre optic installers in Canada. Dycom [DY[ is a comparable US listed company.
Lite Access' revenue will likely prove to be several times higher given the UK demand alone. Factor in other countries and Canadian contracts due to be awarded and LTE will be a major player. Believe what you want, I believe we have a solid winner on our hands.
You will have a better picture 2 weeks from now and a clearer picture still, in 6 weeks.
Cheers