CEA Industries Inc. (CEAD)

[tcfib]

In Q3 and Q4 of 2020 Surna booked $7.9mil in new contracts. In Q1 2021 they booked an additional $5.5mil, for a total in the last 3 quarters of $13.4mil.

In 2020 their total year rev was around $8.5mil. 2019 rev was around $15mil.

With 1/4 of the year done they already have more than 2020 revenue booked and nearly hit 2019 revenue.

I wouldn’t be surprised if this years revenue is AT LEAST $20mil.

It is mind boggling that a company with this level of growth and total revenue potential is trading at this level.

Right now their market cap is $16.54mil.

They are undervalued even if we assume no multiples.

If we use a conservative multiple to match other cannabis companies that are trading, say maybe 5x, and they are on pace to make $20mil this year, they should be trading at a $100mil market cap, or roughly $.50/share.