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jbdiver

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jbdiver

Re: None

Wednesday, 11/28/2018 9:49:01 AM

Wednesday, November 28, 2018 9:49:01 AM

Post# of 20617
Our price target remains $0.80 for Innovus following 3Q18 results. We increase 2018 revenue estimates to $24mn, in line with guidance, from our prior estimate of $23mn. FY19E revenues moves in slightly to $34.8mn as the company is expected to focus on reaching profitability. INNV is a speculative growth company with multiple catalysts ahead as it strives for profitability and increases products while expanding its sales channels and geographic presence.

From new see through equity....

This basically admits that we will not reach profitability this year....There is always 2019 right! lol
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