EYE 1.39% 18.3¢ nova eye medical limited

CMS Proposes Major Increase in Reimbursement for Canaloplasty, page-13

  1. 2,076 Posts.
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    lol. And to put my money where my mouth is i added another total 350k shares this week. 194k yesterday at an average of 25.78. I’m going to be sitting watching the screen today with a bucket of popcorn

    AMAZING the difference in valuation:

    sight sciences USD market cap 371 vs revenue 80m = 4.64 times revenue when they are:
    - predicting ZERO growth and
    - burning cash at around $15-$20m a qtr and no obvious path to CF+

    EYE if you transfer market cap to USD so like for like would be $37m vs $15.3m revenue = 2.5 time revenue on
    - 77% growth in US sales and
    - clear path to CF+ in 9-12 months plus arguably funded to get there.

    SURELY EYE should be valued on the same multiple which would give a MINIMUM valuation of 47c. But logic would say given the growth profile their multiple should be more like 8-10X revenue or a shareprice of 80c-$1

    hopefully today brings enough attention to rip the bandaid off, smash 30c in the face on the way through and get the real rerate hottub party started

    https://hotcopper.com.au/data/attachments/6306/6306398-3d50c1cf0a28bc5ac1737963f82344cd.jpg




 
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