Friday, December 10, 2021 12:35:13 PM
https://www.webcaster4.com/Webcast/Page/2813/43824
A couple of comments stood out to me ...
They will do about $18M in revenues in 2021. In three years, they are expecting to do closer to $100M. From another interview, I think revenues should start to ramp up considerably in 4th 2022, s/b close to $10M, as this is when the benefit of all the expansion and upgrades should kick in. I believe I remember $29M revenue estimate for FY2022, and I'm extrapolating about a 50% increase in revs again for the next two years.
They know they are undervalued compared to their peers, and realize they could become an acquisition target. Mr. Groome has experience in the M&A field, and will be a good person to have in charge to know whether any suitors are legit and reasonable. However, I believe he would rather have fun the next few years growing the company to that $100M mark.
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