4 Quarter OutlookI see Q1 in the $7 million to $7.5 million range, escalating at about 20% per quarter as the new ESG subsidiary begins ramping up .
Ebitda in Q1 will be in the $2.5 + million range
By Q4/22, we should have a quarterly revenue around $10 million which is $40 million annualized.
Ebitda margin will have regained the 40% level, which computes to about $15 + million per year in operating earnings.
At a modest 7.5 times Ebitda, Peer based fair value will be a market cap of about $110 million which computes to about $2.25 per share .
E now has arrived into the very promotable milieu, bringing with it a strong balance sheet, strong growth and strong cash flows while at the same time diversified in its revenue streams.