Ann: CE Marking received for core European product, page-36

The announcement could have been worded better IMO.
+20% to their expected revenue in FY 2021 doesn’t sound very exciting, their revenue last year was only $3.66 mil, so it is adding minimum $720k this financial year? That’s an optimistic figure too given this year expected revenue would be hit by COVID restriction.
I understand that it is ‘minimum’ 20%, but with a deal like this,holders would be expecting at least 50% to 100% in the first year to justify the market cap. Now they have to wait for the actual sales to take place to properly value the company, and with COVID these numbers will not look great for awhile.

All IMO, DYOR.