Based on preliminary revenue of 140M, Q4 would have done 42.8M revenue. And January alone did 17M so consider Q1 on track for 51M (17x 3mo) so organic growth is continuing. That being said, the 42.8M they did in Q4 would be a low, probably unrealistic number to use when projecting 2024. But using that number we get 42.8 x 4 quarters = 171.2M before any additional growth, before any of QXTEL's 80M annual revenue is added, and before the addition of anything from the potential second acquisition they're working on.
300 million for 2024 is a moderately conservative estimate I put alot of thought into. That's what I believe they will do taking their track record for organic growth into consideration and adding QXTEL's revenue with some cross selling growth. If they close a second acquisition, I believe they will do much more than 300M. I am open to new ideas about a 2024 projection, but citing their original forecast of 145M provided last year is not a logical point to even discuss. Their original forecast for 2023 was only 105M and they did 140M beating it by 33% and they didn't even have any acquisitions last year. Growth is accelerating. YOY was 44% growth two years in a row and then 50.2% last year. It looks to be over 100% this year. It's all in the DD. NFA do your own research.
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