Obviously exspectations this Q are low. We can't even get anticipatory rise this time. Last year company was in shambles. Industry just hit with death blow unless Congress Acts. Yet I feel a surprise coming. We are due.
Jan & Feb are big sales months for this product, given millions of smokers try to stop. I think we see Revs around 16mil !! If you remember we had very little products on the shelves last year in Q4 & Q1 due to Brent's all or nothing IPO leaving the company cash strapped going into Q1. And not able to fulfill purchase orders.
It all comes down to what you believe revenues should be for a company this deep in debt. And you have to also give consideration to how strong Q1 is historically, relative to the other quarters.
Not too long ago on this forum, many of us were convinced we would see revenues of 80M+ in 2016. In fact I remember us talking about the potential for $100M in 2016. Most of this was based on Dan alluding to 25% Q-over-Q growth. Clearly we misunderstood or Dan misspoke. Either way it now seems unlikely to get that type of growth.
How about at least 50% year-over-year revenue growth? I don't think that is crazy growth for a company this small, in a market this huge. But more importantly, I think such growth is required for ECIG to make any meaningful progress in debt reduction. Being profitable will be a huge achievement for ECIG, but just barely breaking even a year from now isn't going cut it.
Below are my 2016 Q1 estimates based on the YoY revenue growth. I'm looking for revs that will support the ~50% YoY growth we need for PPS to break out.