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clock Created with Sketch. 13/09/22
16:43
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Originally posted by jellyroll:
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??? That backlog is many orders .... not one. I think you are referring to the Phase III AD order from last year that was @$ 15 million over 4 years, so is about 10% of the backlog. You ask what is next, well the answer is more contracts. More of the same, lots more contracts, as the funding into CNS drug development will double over the next 3 years and on top of that you can add the migration of pencil and paper cognitive testing to digital testing, and we are only at the very start of the at process with penetration rates of less than 10% in current Ph I and Ph II CNS trials.
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15x FY 2025 EBITDA seems excessive... But would be nice..
(20min delay)