Annual Revenue results likely to beat analyst consensus Repost with typo correction
Back-of-the-envelope estimation of 2022 Revenue:
Assuming that the Q4-22 average price per pound of V2O5 equivalent sold = US$8.5
Q4 Actual Sales Volume = 2,774T = 6,115,616 lbs
Q4 Est. Sales Revenue = US$8.5 x 6,115,616 lbs = US$52M
Q1+Q2+Q3 Actual Sales Revenue = US$181.75
Total Est. 2022 Sales Revenue = US$181.75 + US$52M = US$233.75. This amount exceeds the analyst consensus 2022 Revenue Estimate of ~US$213M by 10%.
Notes
1) Analyst Consensus 2022 Revenue Estimate = C$283.34 = ~US$213 (assuming 1US$ = 1.33 C$). See table below from Yahoo Finance.
2) US$8.5/lb is, IMO, a conservative estimate for the average price per pound of V2O5 equivalent sold. In Q3-22 the actual revenue per pound sold was US$8.8 while the average benchmark price per pound of V2O5 in Europe was $8.23.
Annual 2022 Revenue Estimates as per Yahoo Finance
