RE:FQ1/21 NumbersHey Opt,
I think you are getting a little ahead of yourself with your estimates, what makes you believe they will achieve that sort of multiple?
From what Beena said on the call, they are expecting another 30% Q/Q growth in Rec, meaning around 9.5mil for Rec alone in Q1, adding in about 2mil for wholesale (unless it degrades further), that is putting us at 11.5mil Q1. What makes you believe it will two to three times that amount?
I wouldn't be surprised if they manage to hit 20mil/Q by Q3, but twice that?
I think if you are looking for profitability, you should adjust your gaze to Q4. They will probably be hovering around break-even for the next two quarters.