he's just confusing the terms of revenues and earnings, but then applies the correct methodology
Using a simple rule-of-thumb valuation, a profitable operation should indeed be valued at 1x trailing revenues
45,000,000 / 1.6bn = $0.028
On an EPS basis, the company generated $144k in quarterly operating profits and $80k on a net basis. 'For annualization, let's go with $400k
$400k / 1.6bn = 0.0003
Big Board stocks may trade on a PE of 20-30, but for a micro stock achieving profitability warrants a premium, so let's apply a multiple of 40
0.0003 x 40 = $0.012
results in $0.02 on average.
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