Sigma Labs Inc (SASI)

[silversmith]

I sure wish I knew of a current big board traded company that could be properly compared to what SGLB does. If anyone has any good ideas, I sure would like to hear about it.

If you look at ONVO, which has been traded on the NYSE MKT, and is in fact moving to the NASDAQ on August 8, the picture is rosy. But it likely isn't a good fit for comparison. ONVO has been moving up since the announcement that they are going to the NASDAQ. It is yet to be seen if SGLB will do that in any meaningful way prior to the move. SGLB is going from the pinks to NASDAQ, not from the NYSE MKT to NASDAQ. Different kind of investor base already. And all you have to do is look at ONVO's numbers to see that it is a very enormously different kind of investor.

ONVO has never has a profit, has less sales than SGLB, and more shares outstanding. SGLB has roughly $2M ttm sales, ONVO $1.48M. If SGLB raises $10M in the coming offering at a $4.00 average price, then 2.5 million shares will flow to the outstanding, for a total of 2.5+6.24 million = 8.74 million shares. ONVO has 92.4 million in the outstanding, and 85.3 million in the float.
Yet ONVO is priced at a price to sales ratio of 266.6.

If SGLB were priced the same, $2M ttm x 266.6 = $533.2M. This would equate to a share price of 533.2M/8.74M =$61.28 per share. Obviously ONVO's shareholders think considerably higher about ONVO than does SGLB's shareholders.

Shareholders don't think highly of Materialise either. If we could come up with a good comparison company for SGLB, it would be beneficial.

All the best,
Silversmith