EVIO Inc (EVIO)

[GangstaRIB]

Testing revenue is up which is the number I'm interested in. Consulting revenue is revenue no doubt but it's never going to be consistent.

In a growing business cash flow is more important than profit, however, I'm quite interested in seeing cost of revenue go down. The biggest key is getting all of their test equipment fully certified. At the very least I would expect CoR to be cut in half at this juncture.

What we do know is Q over Q we are on pace to lock in $3M in yrly testing revenue from OR out of the $15M in available business in the state. 20% isn't half bad but I would certainly like to see that percentage increase.

CA is the big unknown. What we do know is that 2018 is going to be a make it or break it year for us longs. I believe SGBY will survive without capturing a large market share in CA but it won't be great for us. What i do know is if we can capture even 10% of the testing market it's worth $15M in yearly revenue and nearly $5M in profit + $1M from OR (once they get their damn equipment certified of course). A P/E of 20 (fair NASDAQ number) would place market cap at near $120M assuming they don't need to outsource any of the testing.

For now we wait... Those that can't wait will sell but hope to see a few familiar faces back here when she picks back up again.