Sales for the quarter are 280k times 4 is a little over a million. If we account for there being a 300% increase in market size due to legalization that puts the revenue for cannaDX at 3.6M annually. MYDX has a new product on market so lets give them another million in rev for each. Totaling $5.6M.
With operating costs cut down 50% from their highs we can expect 2M to be spent on general and admin and then cost of sales is about 50% so that's about 4M in total costs. Net income would be around 1.6M and with a PE ratio of 6 (I use 6 because it is low and should indicate a fair value) we get a market cap of just under 10M.
Sound pretty fair?
Now if we can just get the PPS to go up today... hmmmm
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