Replies to post #22857 on American Bio Medica Corp (ABMC)

[The Rainbow]

$7-10,000,000.00 revenues for 2020 can be expected from the COVID-19 test sales alone.

If my projection of June sales of approximately $800,000.00 is correct while the company was gearing up, I could see minimum monthly sales of $1 mill plus for the rest of the year.

As noted in previous filings, these COVID-19 sales are very profitable.

[Patientlyimpatient]

Precisely the numbers were off because of the shipping issues. This now should have everything shipped form that month. Those numbers are hugeee

[The Rainbow]

Update: NET SALES of $800,000.00 for June and projected share price of $2.70 if we use a very conservative multiplier of only 10. $5.40 with a multiplier of 20 for conservative annual sales.

I wanted to clarify that these numbers are not revenues but NET SALES in June alone $800,000.00 and my following calculations are all NET SALES.

Correct me if my thinking is incorrect.

The second quarter 10-Q being filed today is only showing the first full month revenues for the Covid-19 test kit which was June.

First quarter 10-Q, pre Corona virus, was poor. New drug tests and clients had not added to sales yet.

Second quarter, April would have been similar to Q-1 and been poor. May is when orders and shipping began. June put it all together with sales, shipping and revenues.

So if June did the heavy lifting we could extrapolate that it carried $600-800,000.00 of the sales quoted in today's PR.

Quote:Net sales in the second quarter of 2020 were $1,758,000, compared to net sales of $958,000 in the second quarter of 2019; an increase of $800,000, or 83.5%. Net sales in the six months ended June 30, 2020 were $2,486,000, compared to $1,880,000 in the six months ended June 30, 2019; an increase of $606,000, or 32.2%.


Third quarter sales can be in the millions per month going forward. The company is now geared up for receiving, shipping and sales.

We should get incredible revenue numbers stated through September 15 when the 10-Q is filed later today.

[tedpeele]

That would be great but the lack of the 8K the last time we were current as well as the reported numbers of $1.126 m through that date suggested that sales were slow starting off in the quarter. Hopefully they have sped up Since then with logistical issue solved,and we will get a nice surprise but there is some uncertainty In my mind Due to the 1.126.