RE:Rule Of Three (math)...It sounds like Q2 is going to be higher than Q1 for sure, but no, not 61 million, although I'm glad to see we have Q2 number same as our market cap.
wildbird1 wrote: While we wait , just for the fun of speculating let's try to find out what the Q2 revenue could look like.
-At the 14;00 time...M Gunter said " We have over $13 million in cash & cash equivalent sitting in the Bank ".
-I am very surprise that M.Gunter gave us the Q2 Cash Balance before Q2 financial (End August 2021).
Now that we have the cash balance for Q2,2021 let's use this $13 million to find out what Q2,2021 revenue could look like.
First the numbers...
- 2020 year end cash balance= $2 million.
-Q1,2021 cash balance increase ($4.6million - $2 million) = $2.6 million.
-Q2,2021 cash balance increase ($13 million - $4.6 million(Q1)) = $8.4 million.
-Q1,2021 revenue = $19 million.
-Q2 revenue = X(unknow).
If we use the "Rule of Three" ( the "Rule of Three" is a method of having three number to help calculate the unknow X (X=revenue).
The three numbers that we have are...(2021).
-Q1 Revenue = $19 million.
-Q1 Cash balance increase = $2.6 million.
-Q2 cash balance increase = $8.4 million.
The Rule of Three...
X (Q2 revenue) = $19 million X $8.4 million = $61 million
$2.6 million
X (Q2 revenue) = approximately $61 million.