RE:RE:4000 -10000 -12000 tests per week@Mary, I read you on erring on the side of caution and factoring in an average of 8,000 tests per week. However, that we were already at 12,000 tests per week by the end of the first week of February, I'm working on DM having already been processing 10,000/wk 01 Jan, project 14,000/wk by 01 Mar and 16,000/wk by 01 Apr - roughly giving an average of 13,000/wk throughout Q1 or $32,5M for Q1, which I round diwn to $30M. I think this volume is further substantiated by the variants, which have increasingly been worrying, since early Jan and likely led to higher testing volumes. Granted, it's a more agressive planning figure but am confident it's reasonable in the current context. This said, it's simply a number I use but appreciate and respect others having more conservative or ambitious targets..cheers and GLTA.
maryhill wrote: Napkin Math using the 4000 test estimate
4000 tests = $20,000,000 divided by 28 weeks = $715,000 dollars per week
8000 tests = $40,000,000 divided by 28 weeks = $1,430.000 dollars per week
12000 tests = $60.000.000 divided by 28 weeks = $ 2,860,000 dollars per week
If on average, 8000 tests per week in Q1, Revenue could be
$17 million consevatively
I know, in Marshalls webinar he mentioned 12,000 tests but lets be conservative based on known facts and projections from October news release.
maryhill wrote: That revevenue adds up fast eh !
Newsfile Corp.
management believes that the Company is on track to achieve approximately 4,000 tests per week, based on current operations Datametrex, current cost and revenue model, would result in revenue of approximately $20 million over the next 28 weeks. Marshal Gunter, CEO, said, "I must first say thank you to the entire team at Datametrex along with the medical and lab professionals for their tireless work at the company. We are ramping up our business to meet increasing demand and our expectation based on what we are seeing in the market is to execute on approximately 10,000 tests per week on a progressive basis. We are witnessing a paradigm shift within the film industry...... The demand remains high for qualified medical professionals from the private sector to be on site, and in the lab, ensuring complete and timely delivery of coronavirus tests supplied by Datametrex." He continued, "with our growing revenue model, we remain committed to our shareholders and will announce further developments with additional conference calls and press releases in the coming weeks." https://ca.finance.yahoo.com/news/datametrex-expands-distribution-film-televison-143200075.html