Agreed! From the outside in, it looks like they’re running the a university science department. From a financial perspective though, PIQ has a lot operating leverage (ie fixed cost base) so incremental revenue gains will see this company reach profitably quickly and grow the earnings exponentially from there (presumably almost 100% gross margin on PromarkerD royalties). Rough numbers, but ~$4m annual cost base, $1.5m in revenue (exc R&D incentive). $2.5m in additional revenue will get it to breakeven.
PIQ Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)