Estimated USD $1.5B potential revenue for ETC in 5 weeksThat's right USD $1,500,000,000. Billion, with a B!
The awards:
Central Texas Regional Mobility Authority (17-Dec-2021) for USD $79M;
E-ZPass Interoperability Hub award I discovered on LinkedIn (told it is in the final contract negotiation stage) for USD $21M; and
WSP-CA 405 Express Lane subcontract (25-Jan-2022) for USD $49M.
The total: USD $170M.
QTRH's investor presentation indicates a 8.8X revenue mutiple during the life of the contract award from change orders. USD $170M X 8.8 = USD ~$1,500M
I am deeply concerned that QTRH is missing an important opportunity to make the market aware of the significance of these contract wins in its transition to a pure play ITS company.