Thursday, June 29, 2023 12:08:54 PM
anywhere near $120 million revenue and $4 million in “net profit”
Then we should rocket to at least a $100 million market cap valuation eventually. May not happen in the first day or first week after the release, but should do so in due time.
$4 million net profit (earnings)
P/E ratio = 39 (industry avg)
= $156 million market cap
$156 million / 17.2 million OS
= $9.07 per share.
Even if P/E ratio is only 25
= $100 million market cap
= nearly $6.00 per share.
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