GREY:LXXGQ - Post by User
Comment by
Investor62on Feb 02, 2020 10:22am
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Post# 30630621
RE:Lexagene today
RE:Lexagene todayThank you
Roadster2 for this really comprehensive report. I am interested to know what calculation you made fort he break even:
It is estimated that LexaGene operation BREAKEVEN (generate positive cash flow) is the sale of 80 to 90 LexaGene LX Analyzers. 80 to 90 UNITS !
At an estimated $ 50,000 sales price per Unit this is $ 4 to $ 4.5 MILLION.
80 to 90 Units to breakeven I assume your calculation is based only the selling of the LX Analyzers. What about the cartridges? This seems to be the cash cow. Further you made a calculatio for a spin off as follow:
For example, if LexaGene were to spin off 70% of the veterinary diagnostics subsidiary to the shareholders of LexaGene and retain 30% and the entity and subsequently the Vet spin off was acquired by Idexx Laboratories for say $ 1 billion all would benefit greatly. The veterinary test market is close to $ 8 billion a year - what market share can LXG achieve? With only 10 % I think the spin off is very cheap – no?