RE:As of This Week!
Ruy work to build this:
We are building a health care business that has sustainability and longevity and that will add recurring high margin revenue metrics to our existing business model, "said Andrew Ryu, CEO of the Company.
Agree with yours numbers and it is quite possible that Screenpro will be able to generate an excellent net profit in the next quarter. And all this without counting a possible 4th wave caused by the variants. Screenpro is extremely undervalued right now. Good luck to all.
Smokey1958 wrote:
I went back and came across the following from an NR in March:
"The company successfully completed 10,500 tests from October to December, 2020, a total of 60,000 tests in January and February 2021, and is poised to administer 40,000 tests in March.
ScreenPro currently generates C$100 in revenue per test with an approximate gross margin of 20-30 per cent."
We know this was incorrect and appears to have been off by thousands of tests if one considers the gross revenues as presented in the Q1 interim filings. Imho this is a good thing as it implies the test numbers for April, May and June were likely more in line with what actually happened in Q1 ....that is testing numbers have not fallen in Q2 as much as one might have surmised. In fact ScreenPro has carried out over 60,000 tests in Q2. Based on revenues of $6.8 million in Q1 and a test cost of $100 were there actually 68,000 tests in Q1 and not close to 100,000 as intimated by the former CEO???
If this is the reality and testing is maintained even a test as cheap as $60 (has this been verified?) would still lead to quarterly revenues of no less than $3.5 million and profitability. With GoStop and the potential for both the concierge medical service and Korean Air are we looking at a company moving to somewhere between $15 million and $20 million in revenues for it's first year as a public company?
....and the sp is stuck at $.04. It seems improbable to believe it's going to do anything but move up significantly. Just some musings on a Sunday morning and hoping sanity and some level of rationality returns to this stock.
GLTE!!!