BaitingBateman wrote: First - FNI's latest investor presentation provides the following revenue estimations:
2018 - $15m
2019 - $32m
2020 - $37m
2021 - $48m
2022 - $58m
2023 - $67m
The companies 5-year forecast does not project them hitting $80m - why would you assume that's a possibility in the next year?
Second, assuming they did hit $80m a year, maintained 25% GP and achieved a 1:20 PE valuation -
230m shares issued to date.
270m shares issued upon closing of the current financing (assuming fully subscribed)
310m shares issued if all warrants associated with the current financing are excercised.
40m shares currently reserved for issuance.
$400m / 270m = $1.48 per share
$400m / 310m - $1.29 per share
$400m / 350m = $1.14 per share
If this company is to hit a $4 per share price, under the 1:20 PE valuation, with 300m shares issued and a GP of 25%, they will need to be achieving $240m a year in revenue with $60m in GP.
Walterthedog wrote: my thoughts are that when they complete the new ama expansion they will have 6 times more product and if they can sell all that, the revenue could be 80m per year or more. if they can cut 20m in profit with a PE ratio of 20:1 , it would make the company fundamentally worth 400m$. of course other growth factors could add value but thats the meat and potatoes im hoping for next year