GREY:LXLLF - Post by User
Comment by
lscfaon Jul 23, 2019 9:48am
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Post# 29950360
RE:The bear case
RE:The bear caseI missed the co. comment about opex being $6 million /qtr so had to adjust valuation table. Co. needs to grow big time just to break even however financing is required to grow. PP at $1.50/sh?
| | 4.2/qtr rev | 8.4/qtr rev |
| Qrtly rev | 4,200,000 | 8,400,000 |
| Yearly rev | 17,600,000 | 33,600,000 |
| 50% gross margin | 8,800,000 | 16,800,000 |
| Opex | (24,000,000) | (24,000,000) |
| Op inc | (15,200,000) | (7,200,000) |
| 30% tax | 4,560,000 | 2,160,000 |
| Net inc | (10,640,000) | (5,040,000) |
| Diluted shs | 100,000,000 | 100,000,000 |
| eps | -$0.106 | -$0.050 |
| Fx | 1.33 | 1.33 |
| eps cdn | -$0.142 | -$0.067 |
| Multiple | 20 | 20 |
| Sh value | -$2.83 | -$1.34 |