RE:RE:RE:***Key Takeway: Minimum of 4x revenue growth in 2021!***To nitpick, the percentage growth is 250%. Not sure I would say growth of 250% or 3.5 times revenue growth. Could say 250% revenue growth or 3.5 times last years revenues. But, yes, as per my objective explanation, a lot will depend when signed and started. As I wrote that piece, one big question is how they see the $40 million Drosrite bid that was mentioned in another newsrelease. If that is not included for conservative reasons, then right there the picture could be that much better within 4 months.
LastZaz wrote: If you want to nitpick - even as those are estimates - you can call it 3.5x revenue growth. Ultimately we don't know how fast those projects will complete so using percentage of completion accounting, it is subject to variance one way or the other. Not to mention the potential for other contracts given the conservative nature of the estimates.
I see your point regarding the revenue growth. But if revenue hits $34M, revenue literally doubled.
I would refer to it as 4x revenue growth just from rounding. If revenue grew by 2.5 you'd assume revenues would be $17M x 2.5 = $42.5M
In any case the point is that conservative estimate of revenue growth is substantial, and the company is only starting to commercialize its tech. Very high upside.