Your example above is exactly why I haven't jumped in yet. I think you are being generous with $300k a month, considering they signed more existing customers (12) than new customers (10). If you are being truly conservative, I don't think you can attribute more than $250k a month to new customers at this point, so next year they need to double it to $500k a month to reach their $12m target.
That is definitely possible and they will probably get some uplift next year by expanding existing customers and they might overshoot this year to make next year easier for themselves, but I have seen other small caps promise the world and then disappoint, the market really punishes those stocks. I am just flagging that as a risk, as it is one that I am considering.
EVS Price at posting:
9.1¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)