Fundamentals - Part 2On Feb 11th, I posted something on the company's price/revenue multiple to show how it was declining over a period of time, meaning that the stock price was becoming cheaper. I thought it might be a good idea to update my posting now that fQ2 results have been issued.
First, the guts of my original posting... (Note: for the following, I've used the price on the day of each earnings release, the revenue as supplied by the company in a couple of MD&As, annualized quarterly results and the basic share count.)
When Q1 f2021 results were announced, the price/revenue multiple was about $0.265 stock price / ($170k rev x 4 Qs / 143,119 sh) = 55.8
When Q1 f2022 results were announced, the price/revenue multiple was about $1.25 stock price / ($1,608k rev x 4 Qs / 176,634 sh) = 34.3
When Q1 f2023 results were announced, the price/revenue multiple was about $0.69 stock price / ($3,472k rev x 4 Qs / 189,356 sh) = 9.4
Since the price is currently $0.51, the current price/revenue multiple is about $0.51 stock price / ($3,472k rev x 4 Qs / 189,356 sh) = 7.0
Now, to add something for the latest results...
When Q2 f2023 results were announced, the price/revenue multiple was about $0.54 stock price / ($4,119k rev x 4 Qs / 195,759 sh) = 6.4
So, it seems the stock price is becoming even more reasonable.