Resonate Blends Inc (KOAN)

[mdimport]

If one reviews the gross revenue numbers $TXHD's revenue streams are dying if nothing changes. Revenue peaked in 2Q2017 ($307,788) and declined more-or-less ever since.

There were no new revenue streams announced in 4Q2018, so it was easy to project what happens on a straight line basis. That gives a 4% decline which is multiplied by 3Q2018 revenue giving $209,624. That should be the upper end of the gross revenue projection.

There's an alternative calculation:
There was a bump up in revenue between 3Q2017 and 4Q2017 of 20%
There was a bump up in revenue between 3Q2016 and 4Q2016 of 5%

If one applies those positive numbers to 3Q2018 revenue it would project between $229-262k for 4Q2018.

Still leaves $TXHD with revenue per share of:

= $970,347 / 4,886,452 shares
= $0.199 / share


= $938,347 / 4,886,452 shares
= $0.192 / share

It really doesn't change the revenue per share numbers materially whatever is calculated using reported numbers.

$TXHD should be trading between $0.10-20 / share, and probably in a range of $0.10 - $0.13.