Before it was taken down, the Canacord Colt report posted by Eko had a price target of 23 cents based on a revenue of 42.8 million and a P/E of 10.
Reflecting on all the contract wins, I wanted to see how much certainty we had in achieving that revenue target.
Below calcs reveal .... That if Ava Services Division grows its 2019 $16 million revenue by around 40% (it's worth noting that the Services Division generated $4.5 million in the 2018 year and grew 355% through 2019) and the technology division DOES NOT announce another contract win but delivers on everything announced this $42.8 will be achieved.
But before doing so I believe it prudent to remind ourselves that we are:
* Still in July
*25th of June Announcement Basham said "we anticipate that many of our long-term customers who now understand the enhanced performance capabilities of our Aura Ai-2 technology, will be looking to upgrade to this new standard at the earliest opportunity."
*BQT still in the running for a 5 yr $30mil contract
*numbers below do not include repeat recurring revenues for the technology division
*2021 pipeline is already building
So recent relevant Announcements won
Combining these numbers with the services division....
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