Blumetric is seeing growth across all its sectors .
And its financial metrics are showing the resukts.
Gross margins are now at 20% and revenue growth is above 75%.
Net margins are way up, resulting in net earnings of $0.04 per share in its most recent quarter.
Cash is also rapidly increasing , now at $5.4 m.
The company also entered into a new lending agreement with its financial institution, which will result in significant savings on borrowing costs.
An existing term loan was replaced by a new term loan bearing interest at 3.28 per cent, compared with an effective interest rate of 14 per cent on the previous term loan.
This will also contribute to savings, even tho debt is very modest.
And in the sweet spot of a strong sector .
Combining scorching growth with increases in all of its financial metrics, a fair value of $2 per share on 12.5 times 2021 net earnings is how I see our exit at 2021