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Wednesday, July 06, 2022 12:58:52 PM
As exciting as it is to bring the company to closer to $100m in revenue per year, that eventual feat is not the thing the CEO is most excited about.
What she stated she is most excited about is the seaportsteak.com business, which should be launching this month. Seaportsteak.com has huge revenue and margin potential. The business model is B2C and it will compete with Omaha Steaks. To put the potential into perspective, Omaha Steaks does $450m in revenue per year.
So, when you add up the current B2B revenue + more B2B revenue from acquisitions + operational efficiencies + B2C revenue from Seaportsteak, you can see that the market cap can get into the $100m - $200m range fairly easily.
With so many positives (more than most pinks) that PACV has going on, they have been extremely quiet. I think they are going to hit the market with a big PR or release a series of significant PRs. After all, they did retain MZgroup, a company that specializes in advisory on strategy, IR, and IPO advisory.
Sources:
https://www.mzgroup.us/ipo-advisory/
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