RE:MultipleHere's what ChatGPT thinks:
Possible Valuation Range:
Assuming an annual revenue of $118 million, and considering the breakthrough status, you might look at a multiple ranging from 10x to even higher, such as 12x-15x or more, depending on the factors mentioned. This would suggest a valuation range of approximately $1.18 billion to $1.77 billion or potentially higher.
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Rule of thumb for TLT is $4 = $1 billion market cap. So somewhere between: $4.72 and $7.08 per share. Assuming we received BTD and are able to capture 7% of the market.