AEI Valuation Discussion, page-3

Thanks for starting the thread and the valuation.

I have posted on other threads/ companies not to extrapolate from one month/ quarter to the future. While I have lots of hopes and wishes for Aeris (it is 25% of my portfolio, the largest) however I would value it conservatively.

For eg, March quarter $4Mn of sales. Given management comments (excess of $13Mn for FY20, $7.25Mn for first 9 months) and April revenues ($4Mn sales booked with $2Mn orders received), I would say $16 to $18Mn is realistic for FY20.

Even if the big orders from USA and other regions/ distributors materialised in FY20, I doubt that revenues will be $36Mn by June-end. I will be thrilled if revenue is $36Mn by FY21.