RE:Maxim CoverageGreat report, with lot's of very current data.
Their forecasting is extremely conservative, which is not surprising. Unless I misread their table, they are forecasting on 85K tests being given and generating revenue for SONA in 2020. Then they discounted that for risk by 50%. Man that's crazy conservative. The problem is they are simply taking a small percentage of the overall global market. That's never a good approach to just say "we think we can get 1.5% of the $4B market", as SONA has a chance to be a very disruptive company with their gold nanorod platform.
Even with this approach they are forecasting a price target of $3/share. Again, I think you will see that immediately after the prototype is complete, and much higher.