Bio fertilizers has a market size of some billion dollars only in China. There are a couple of bigger suppliers for bio fertilizers in China, but Kiwa is far away the best organized of them, with a big portfolio of products, which are secured by patents. They have generated revenues of more than 20 million only in first 6 months of 2019. The 2nd half of the year is traditionally the much stronger time for fertilizers, so I am very much sure, KIWA will finish the year between 50 and 60 million dollars in revenues. And they should also have a positive EPS this year.
I am sure, they can have more than a billion dollars in revenues within the next 5 to 7 years, as politics is supporting their business model.
They are very long in the market of bio fertilizers meanwhile. 5 or 10 years before, they were too early with their products. But now their time has come. If shareholders are patient now, also their time will come. I am sure about this. But this is my personal opinion.