Q2 presenations and Earning EstimatesThanks for posting Q2 presentations
Seeing a ramp up of rental fleet for Q2, I can already see a record breaking Q3 and Q4 coming on Revenue. Simply taking 2019H1 numbers x 2 would give you 28 million in annual revenue. Now, adding in 30 new rentals in the fleet yielding around 100K per 6 months (200K per year) we will add 3 million revenue to 2019H2.
Putting it all together, I expect to see 31-32 million in revenue. A big jump from 23 million from 2018, increase of 35%. At 35% net margin give you 9 million net profit, or $0.33 per share (27 million outstanding share)
At $4 share price, it give you P/E of 12.1 for a company that's growing at 30%-40% per year with no debt, and 37 million ($1.30) of book value.
I expect to see revenue on the high side, as we have sales (not rental) to Mexico already in the books, as well as sales in BC Canada gaining momentum. I haven't accounted for additional revenue/cost related to Waste heat to water vaporization, data monitoring service, and the ongoing patent filing and lawsuit.
From the latest big oil presentation, the relax methane regulation from trump should have minimal impact, as most E&P companies want to be ahead of the legislation curve on curtailing methane anyways.