So if I understand this correctly they would have 90% margins with similar levels of SG&A as they have today only with roughly 100% dilution. Back of the envelope would suggest that gets you to pre-tax income of 160 million a year on 200 million in revenue with what would be roughly a 300 million market cap. Is that right?
If so yes that would be a hell of an opportunity, but it does strike me as a bit weird that a company can run 50% fully tax margins. It lands in the realm of too good to be true. Do you have a similar concern?
Also they did say they expect to be ebitda positive in q4 which seems awfully conservative given the metrics above.
Any thoughts?
Edit: Yahoo finance seems to have the wrong margins. It seems more like 50%? So halve what I said above?
Market Data 
Markets 
AI
