The $7 mil revs was from Snakes in total, including game sales. From what I understand each location does approx $2-$2.5 mil and games and other makes up the rest.
For the 3rd location i would project $5 mil revs. Could be more, tough to guess really, but $500 psf is reasonable to estimate. Of course would depend on how much catering and corporate events do as well. And the location should raise brand awareness and game sales. So all in could be in $7 mil range.
For outstanding share count i would use 420 mil since we know just matter of time for the 20 mil previously announced shares to be retired.
I think the Indigo Chapters order was extremely significant since that was just the first order. I expect many more and from many more retailers due to their exclusivity plus excellent fulfillment capabilities.
So even with the 3rd location opening mid year i think Snakes overall should double revs this year. And that sub is just getting started, they should have significant growth for years.
And of course Grozone is also just getting started and will have significant growth.
It is the combined growth potential of both subs that will continue to expand the valuation here.
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