WaHoo board has long term posters who have been around for 4- 5 years. some pretty analytical..
Re: projection model
by bosslerjohn . Jan 9, 2013 4:22 PM . Permalink
Thanks for putting up the model.
A few comments,Based on management comments at the LD conf. in Dec. the Revenue number for 2013 could be more like $100 mill. vs. your 75 million. I get there from the growing base business of $60 mill. + in 2012 + $30 mill in alert product (per management comments and slide in presentation on their website) + $10 million from dual mode RV for Europe (per management comments in presentation). Furthermore based on the $100 million X 25% gross margins - $11 million operating expenses = $14 million Net Income / 28 million shares fully diluted = $0.50 per share in Earnings.
Keep in mind the Alert and Dual Mode product are NEW products being sold through NEW distributors to NEW end user customers. No cannibalizaton of existing sales.
Also as management stated, recurring revenue is a goal within the alert product for AXST which totally changes the valuation of the company in a positive way.
With potential of $0.50 earnings per share,, stock should carry at least a 10 multiple = $5 stock price.
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