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dr_airtime

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dr_airtime

Re: zenvesting post# 10362

Tuesday, 09/05/2017 12:42:02 PM

Tuesday, September 05, 2017 12:42:02 PM

Post# of 10797
COV.V - my read on today's PR...

....phrased to be super bullish suggesting this is $14M in incremental sales but after digesting it I think there is $7M in incremental sales here as the $14M in sales is guided for Fiscal 2018:

http://ir.covalon.com/phoenix.zhtml?c=183092&p=irol-newsArticle&ID=2298293

Back in 2016 they guided for $7.6M in sales to Saudi Arabia in Fiscal 2017:

http://ir.covalon.com/phoenix.zhtml?c=183092&p=irol-newsArticle_Print&ID=2194399

Good news nonetheless but I think you can't simply add this $14M in sales to Covalon's current run-rate revenue base. The Price/Sales ratio you get then is ridiculous. Things looking great nonetheless. What will rocket Covalon higher is contracts into new markets (e.g. Mexico).

All $ are CAD eh.

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