Nice sell off This is a buying opportunity if this sell off continues imo. If you run the numbers here you will see how huge of the potential there is here.
4000 estimate sites
20-50 licenses per site
5000 per license
Seeing how KSI's software works and they are landing the largest pharma companies in the world what would be a realistic market share for KSI to capture? 10%, 20%, 30%?
10% of sites landed = 400 sites * 20 licenses * 5000 = 40 million revenue * 6x sales multiple = $4
20% of sites landed = 800 sites * 20 licenses * 5000 = 80 million revenue * 6x sales multiple = $8
30% of sites landed = 1200 sites * 20 licenes * 5000 = 120 million revenue * 6x sales multiple = $12
This is the potential I see here over the next few years. If they get on the Nasdaq the multiple would be higher