RE:Anyone else watch LD Micro Pres? I didn't see it but heard John did well.
I've been digesting the Q1 numbers as they caught me by surprise. In this press release from today the company clarified that the 650 mesh connectors sold will be generating monthly recurring revenue of $150k once the onboarding process is complete. I absolutely do not mind the discounting as long as once it expires we are close to the full pop. At $150k/month that works out to $1.8MM/year and with a 15x multiple we're at $27MM EV which is about where the shareprice is now. With Q2 nearing the end we have to be well over 1,000 connections right now... the stock is trading at Q1 numbers, not future revenue. 15X 2022 revenue is the multiple Cannaccord has been using on tech sector EV projections... I think we're sitting awfully pretty right now.