On March 31st, 2022, the Company released its 2021 annual results and expectations for 1Q22 revenues to be in the range of C$1.45M to C$1.6M, representing a 15% to 25% sequential increase versus 4Q21. The Company now expects to be at the top end of this guidance range.
The Company anticipates continuing its revenue growth in 2Q22 with expectation of revenues to range between C$1.8M and C$2.0M.
At that rate of growth let's say 25% per Q every quarter during the next 3 years,
FY 2022 will generate revenues of CDN $10M
Fy 2023 will show revenues of CDN $21M (,3, 3.9, 4.9, 6.1)
Fy 2024 : CDN $45M (7,6, 9,5, 12, 15)
Personally considering the market available, the difficulties of competition in this market and the product we offer, these projections are totally non acceptable. Our MARKETING FORCE is obviously not appropriate. Buyout, merger, partnerships, ... are opportunities to consider and I suggest our management now must acquire help (consulting) to review its ongoing strategies. The outlined growth forecast would be great for many but BABY must be more aggressive and cannot accept that considering the offer it has.
By the way, large competitors will not sit on their hands and they will develop and offer more competitive products.
3 years from now what kind of market cap can we expect (What will O/S be by then).
Right now our MC is more or less CDN $150M (expected FY2022 Revenues of $10M X 15).
Management must stop satisfying itself with what they curently do and work at becoming more productive, faster.
