Please be careful when throwing around numbers and certain words or phrases.
For one, lta's $23.7mm to the bottom line really should be to the top line.
Many have misstated shares outstanding. Guru is right. Shs o/s are now up to a bit above 58mm as of the most recent quarterly govt filing. And keep in mind, that share count increased 9.4% yr over yr. And those nol's are hardly chicken feed.
Further, the numbers submitted by guru earlier today and over the past few weeks are one person's reasoned guess based on a number of assumptions, and only that. I won't say they aren't possible over the intermediate or longer term, say 2-4 years out, but don't expect instant gratification. I have and I'm sure guru and dshade have seen and/or listened to plenty of mgmt presentations that purport to show huge potential revenue ramps based on a certain assumed small market share of a large and growing - or just plain huge - end market. An end market that may or may not be appropriate.
99% of those forecasts never materialize into reality. Perhaps ECSL will be one of the rare exceptions. But of course, Mills and Co have wisely not trotted out any guidance, so the numbers that have been submitted are by one or more investors or observers trying to get their arms around this company and their thoughts on it's potential.
The market cap is about $67mm. Reported sales thus far are minimal.
Is this stock a slam dunk? No. Does it appear to have the potential to be a 10 bagger or more? Sure, but it will take several contracts of significance, excellent management of working capital, operations, quality control and process to turn that potential into the reality of a much higher valuation. Competition doesn't stay dormant for long. Buyer beware.
A pleasant long weekend to all.
