GREY:XEBEQ - Post by User
Comment by
catchascatchcanon May 01, 2021 7:26pm
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Post# 33109386
RE:RE:Inmatec
RE:RE:Inmatec I don't believe they are a high revenue business and I'm pretty confused that many do. If this was a material deal or contributor to top or bottom line, the deal would have been substantiated by it's own respective PR with details. Again, why would anyone assume that a deal that was mentioned as a 'by the way' at the end of the hydrogen acquisition PR would be note worthy. It's a small bolt on deal that likely won't contribute meaningfully. XBC does 5 little of such deals, and they roll from pennies into dollars, but I believe those who think it's going to be a meaningful contributor will be disappointed when next and subsequent quarter hit. And all due respect, but the length of time they've been in busienss has absolutely stuff all to do with their revenues. Driving a bus for 30 years does not qualify a person to pilot a space shuttle. Time in the seat means zero in life and to suggest otherwise is quite amusing. One man will run a mom and pop shop for a lifetime and another will build a global empire in a decade. I certainly hope the optimists are correct, but I believe there's about a 4% chance, after much scientific calculation ;) GLTA
Ciao wrote: Doesn't even pass the sniff test. I hope no one believes that Inmatec that has been around for 25 years only generates $4M in rev annually given their product and area they service.
Look at the acquisition of Titus and AirFlow, how much was paid vs. their annual revenues and what their EBITDA was and I believe you are off by one order of magnitude (factor of 10) and that takes into account that Inmatec is a higher valued business.
Newtrader1982 wrote:
I asked Brandon why no revenues for inmatec and was told it wasn't disclosed at request of the seller. Why would inmatec request this? Was told to extrapolate revenues based on multiples previously paid. So based on that they paid a 9x multiple roughly 35 million for inmatec which puts them around 4 million revenue a year. Feel free to offer a rebuttal of this information but those are the numbers I come up with.