RE:***Key Takeway: Minimum of 4x revenue growth in 2021!***That's exactly why the bashers and shorters are getting meaner by the minute, they know that their time is almost up. Time to cover suckers!
LastZaz wrote: In reference to Peter's comments on that release today:
We have a backlog of $30M to be recorded as revenues in 2021... plus a conservative $60M of contracts to be signed in the next 6 months... maybe more. Assuming using percentage of completion accounting that half of that $60M is recorded in 2021 plus whatever else is signed in the remaining months of the fiscal year... the company is looking at over 4x its revenue in 2020. $30M backlog to be recorded in 2021 + $30M (half of the expected minimum pipeline) = $60M conservative estimate of 2021 revenues without accounting for any other additional contracts.
That means a minimum conservative estimate of 4X revenue growth year over year *using conservative estimates*. As we had roughly $17M in revenue in 2020.
The growth is literally exponential when using conservative estimates. Of course it is subject to percentage of completion accounting, but that revenue would move into the backlog in any case... Piece it together folks... Peter's excitement isn't just him pumping his tires... it's real business coming fast and furious.
Shorters and bashers coming to the party after getting smoked in the last few months - I don't blame you. But you'll be further wrong in time :)
GLTA