Agreed ISCFA as we have similar projections....Retail investors are probably going to be very surprised and caught flat-footed.
Protech will have almost a full quarter's contribution from HTR, and 2/3 of the quarter revenue from Sleepwell. Assuming the rest of the PTQ group grew at an organic rate of 8% (5 quarter average) we arrive at the following calculation:
1/4 HTR 2019 Annual revenue: $5.5 Mil x 0.25 = $ 1.375 Mil
1/3 Sleepwell 2019 Annuak Rev: $13 Mil x 2/12 = $ 2.167 Mil
Organic Q1 growth 8% y/y: $22.8 Mil x 1.08 = $ 24.624 Mil
TOTAL = $28.17 Mil
22.5% EBITDA = $6.3 Mil
DO your own DD, I am heavily invested