Organic Growth revisitedQ3/21 should give us a better view on their organic growth.
No aquisitions in Q3/21, and will have an extra 400-500G contribution from Mayhews.
If it organic growth sits at 8-10% annualized as suggested by management, then we should see Q/Q rate of 2-2.5%
As such:
Q2/21 Rev = 24.2
Mayhews = 0.4-0.5 MM above Q2/21
Organic Growth = 2-2.5% Q/Q = 0.6-0.65MM
Total Rev Q3/21 = 25.1-25.3 MM = 30% yr/yr growth
EBITDA @ 22% = 5.4-5.6 MM
Pretty much plain vanilla for this Q; pays to be patient in this case with an upside bias IMO, am trimming only slightly into the rallies