Ann: archTIS Launches Kojensi Version 2.0, page-14

archTIS recorded revenue of $4.6m, with deferred revenue of $3.7m for FY20/21.

There have been numerous references to triple digit growth. Does anybody have any views on what they refer to? I have assumed this to mean effectively a doubling of revenue, though am interested to hear other views.

If my understanding is correct, this would suggest they anticipate revenue of circa $9.2m. With deferred revenue of $3.7m it would suggest additional revenue of $5.5m would need to be derived for this financial year.

If the business is able to achieve revenue of $9.2m, would a price/sales ratio of at least 20 be out of the question? This would provide an MC of ~$180m.