Agreed.
They mentioned that 4Q was busiest time of year for them before resulting in $10MM in revenues last year during that period, 1Q this year was $8.2MM.
I think what we will continue to see, not including expansion of routes, fleet size and acquisitions, is that the 4Q revenues will become the norm.
My conservative projections based on historic improvement, just going off of increased demand are:
Q1: $8.2MM (already known)
Q2: $9.5MM
Q3: $11MM
Q4: $13.5MM
This would put us at $42.2MM for 2020. Again, this is NOT including acquisitions or expansion of business with Amazon/other retailers. I'm basing this solely on if everything remains operationally the same as we sit today, which we know will not be the case. The $60MM+ valuations can easily be attained with the closing of the GRC Trucking and others along the way.
No matter how you shake it, this thing is so undervalued it's almost comical.
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