Well in all PIQ's anns they've used "5-15%" as a guide, so I think it's fair to split the difference and say 10%. Now I'm sufficiently dumb that I don't know if that's charged on gross or net, but given $US390 translates to about $AUS600 I think that claiming $AUS40 royalty per test is a safe assumption.
So the aspiration is they do a million of these a year. In the webinar, there was a throwaway phrase used along the lines of "we're not looking at 100,000." I took this to mean "we're looking at a lot more than 100,000."
PIQ Price at posting:
88.0¢ Sentiment: None Disclosure: Held
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