Thanks. Did the company say 60c per share or is it that they have said "x million in revenue in 2 years", and you've done the calcs based on that?
Working backwards I make 60c per share to be a net profit of about $27m.
$0.60 x 900m shares = $540m market cap
$540m divided by a p/e of 20 = $27m
At a guess, that would mean revenue of around $70m-$100m
Seems to be a pretty big target in 2 years. How big is the market? Competitors?
