I like where your head is at BUT since Jaxta is a pre-revenue...

I like where your head is at BUT since Jaxta is a pre-revenue company it's very difficult to get a gauge on EARNINGS.
The ratio you have used is a potential Price to Sales (PS) ratio which is very different to PE.
Also you have to use the lowest Jaxsta Pro subscription rate which is $120/year. Jacqui mentioned it is somewhere around $120-$150 per year but with the tiered model who knows. Best to give yourself a buffer and choose the lowest number.

In the near term without taking into account all those other revenue streams.

• 200,000 freemium subs conservative assumption at the end of CY2020
• Assuming 15% conversion rate (super conservative) to paid subscription @$120/year
• Equates to potential gross revenue of $3.6M
• SOI is roughly 247M

This gives us Revenue/Share of 15c compared to our current SP of 9c.
I could make a really big assumption here that 50% of the revenue would be wiped out on expenditures based on all other companies I researched in the past which would give us an EPS of 7.5c.

This is a PE of 1.2 which is VERY CHEAP~!

DYOR. Rough calcs only with wide assumptions.