Post by
MiniVanStan on Mar 02, 2022 1:22pm
Financials show 70% growth Q/O/Q, Strong metrics across all.
So let's take a look here, $923k for the quarter up 60% from the previous quarter, $1.8mm in accounts receiveable plus almost $5,000,000 in the bank gives Fobi more than a year of cash burn using $500k a month run rate so more like 18 months...and that does not take into consideraton future quarters growth of revenues into the equation assets increased almost $4,000,000 (WOW) and Rob has said we're just barely getting started. At this rate by this time next year we will be doing $5,000,000 - $7,000,000 a quarter and still growing. So lets use $25,000,000 a year revs then with a modest 15x multiple for small cap tech stock, (Some trade as high as 100x so being conservative), that gives us a price of $2.70 by itself without any other growth considerations. This is a very logical argument as to why Fobi is very much well oversold at these prices. Use higher valuations and/or consider blue sky opportunities and the price is as high as your imagination can take it. So in Stans view I am predicting $5 a share which is roughly double what my baseline valuation is because when tech stocks start running they run fast and with the world going digital and the partnerships that Rob and his team keep pumping out this is easily a multi multi win here.
MVS
Comment by
gryphons on Mar 02, 2022 1:47pm
I'm with you MVS. I think your numbers a little light. once this get up a head of steam I think we are away to the races. Im looking for $5 by September