FYI Sept Qtr – 12,230 orders & 22,470 cases for $400,277 =...

FYI

Sept Qtr – 12,230 orders & 22,470 cases for $400,277 = $32.73/order & $17.81/case = 1.83 cases per order.

October 5,817 orders x $32.73 = $190,390 x 12 = $2,284,680 revenue run rate via orders.

October 9,749 cases x $17.81 = $173,629 x 12 = $2,083,548 revenue run rate via cases.

Revenue run rate is currently in the order of $2.1-2.3M x 40 = $84-$92M MC = 5.7-6.2c SP.

At current MC of about $75.85M = x33-36 multiple. Was trading at x40-44 prior to the US elections.

I think DW8 will be 10c by the time the B2B launches in March 2021.

10c SP = about $150M MC / 40 = $3.75M revenue run rate = $937,500 per quarter.

At 50% QOQ revenue growth = $600k Q2 FY2021 DW8 & $900k Q3 FY2021 DW8 + $650k Q3 FY2021 WDA = $1,550k x 4 = $6.2M revenue run rate. Allow another $25k being for 10% of $250k B2B transactions in March = circa $6.3M revenue run rate.

Q3 FY2021 4C results in April 2021 will be the catalyst for the re-rate.

$6.3M x 40 if it maintains TTM multiple = $252M MC or about 17c SP.