Tuesday, May 04, 2021 3:45:45 PM
Given that Zomedica now has a market value of $1.05 million, this puts the stock on a forward price-sales (P/S) multiple of 69.07 times using the revenue projection for 2022. However, on Feb. 16, the company announced it had raised $200 million in a public offering of shares at $1.90.
In addition, Zomedica said in its January shareholder letter that it had received $90 million in warrant exercise proceeds. That means it now has $290 million in cash, before this quarter’s cash burn.
That means that the net market cap, after deducting cash, is just $760 million, before cash burn. This lowers the valuation to 50 times P/S for 2022. However, the company also believes it will be cash-flow positive by 2023. This implies that revenue will likely double to at least $30 million in 2023. Using that estimate, ZOM stock will potentially have a forward P/S ratio of 25.3 times by 2023.
https://investorplace.com/2021/04/zom-stock-very-attractive-here-new-product-launch-takes-off/
$ZOM
Recent ZOM News
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- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/20/2024 11:12:44 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:16:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:11:06 PM
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