I still have faith when we get off the greys and release financials that we'll see stock appreciation.
TDOC just merged with Livingo for a 50x their 2020 estimated revenue.
That number is massive. SOLI in it's first Quarter did $500k in revenue. That is 2M a year and a 50x multiple puts it up at $100M market cap which is right around a share price of .50.
Now imagine if we're only doing 1M a quarter, 4M a year 50x multiple = 200M valuation, or $1/share.
$1M still seems very low for a company that seems to be constantly growing. so $2M quarter/8M year, 50x multiple = 400M valuation and $2 share price.
I still think these numbers are low, but it shows how hot the sector is and .30s will be long gone when we see financials.