"Maybe we will see sales of 2 million+ this quarter"
Ok, let's expand on that thought!
Let's assume some efficiencies of scale come into play, and the cost of goods sold is ~40% (it was 54% last quarter). We'll Keep General and Administrative expenses a constant, and assume interest expense continues to be deferred by IBEX and St. John's. The net profit for Q2 could be as high as $787,826, not too shabby.
Now lets double the revenue for Q3 and double it again for Q4. Very optimistic to say the least. Keeping all the other assumptions constant, here's what 2021 looks like.
Earnings
Q1 -$138,564
Q2 $787,826
Q3 $1,987,827
Q4 $4,387,828
2021 total $7,024,917
This of course assumes that none of the notes get converted.
An unbelievable year by any standard!
So where does that leave the shareholder? The current price to earning ratio for the archetypal OEM company, INTEL is ~12. That would give BIEL a market cap of $84,299,004 1.5 x todays value.
If you get really crazy and use a multiple of 30, then the market cap would be almost $211 million, or 3.8 x current value.
So with an exceptionally good year, we might see a double or more from here.
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