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GMV

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3.9¢ g medical innovations holdings limited

Ann: Results of Meeting, page-75

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jwgloede

312 Posts.

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25/06/19

16:56

Post #: 39231169
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Originally posted by Galilee13: ↑

So post the AGM big news is the UK business is up and running and in turn will help GMV be cash flow neutral by years end. 2 people have posted that annual contract value are either 250k or 500k pounds and that they have 7 customers close to signing. For this example, let's use the conservative number of 250k GBP.

Company needs about $19.5m usd in revenue a year to break even. This can be achieved via:

Current US IDTF is doing about $1.5m a qtr Or $6m USD a year
Hygena contract is $11m USD a year.

That gives us $17m USD on what has been announced so far.

UK business. 250k GBP is about $320k USD. So 7 contracts would be worth about $2.3m USD per year.

So all up I conservatively estimate $19.3m in annual revenues. Best of all most of this revenue is recurring and would not include many product sales.

With about 500m shares on issues post Nasdaq, gives a market cap of about $80m USD. So company is trading on about 4 times revenue.

Add in $15m USD cash after costs form nasdaq listing. Plus HK IPO will add another $55m USD. So potentially we could have $70m USD cash in the bank very soon or the equivalent of 20c AUD a share.

Still waiting on more comments back from Yacov and HC Wainwright. So will give more thoughts later.

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Hi G13
My notes recorded that Brendan stated the UK business currently has 7 accounts each worth around $250,000Gbp per annum.

Conservative numbers for this coming Qtr IMO are as follows:

USA IDTF - USD $1,400,000
Hygena - USD $270,000 (using the minimum numbers under the PO $90K per month)
UK Business - USD $557,000 (7 accounts worth $250K Gbp pa = 1,750,000Gbp pa) = USD $2,227,943 pa / 4 = $557,000 per Qtr
No fluff = USD $2,227,000 This Qtr ending 30th June 19 ( +80% on last Qtr)
JW

GMV Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
14 Upvote

0 Great analysis

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