While Covid may have been a rescue line to get PCTL out of the dire toxic financial situation they were in a year ago it is now turning into an albatross around their necks. What I mean by that is that their primary target—healthcare facilities in the US and UK are still for the most part shut down. New sales to them are necessary to continue the expanding growth. If you look closely the 4Q numbers were less than the 3Q numbers even though YoY were substantially higher. Not too alarming but noteworthy and explainable (eg continued Covid shutdowns)
1Q 2021 is going to be key. One of the two unknowns need to come through in a big way: either a positive, deal producing oil-n-gas test results or the completion of the UK trials with subsequent contracts.
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