My way of looking at it is by taking a look at the projected growth of IOT devices each year.. Take 2017 for instance increasing from 28.4 to 34.8 billion devices increasing in 6.4 Bill. Now ask how many of these will have ADRC XPED Tech. (Where to begin I have no idea) Maybe 1/2 - 1%. 30-65m chips.
I don't believe that the royalties will be $1.50 closer to 75c IMO. Total revenue would then equate to 22.5-48 million then extrapolate the MC from there. 500-1 billion MC.
If anyone is living in fairy land the following Blue sky thinking and XPED are targeting 15% of the market. 2020 numbers would be around 8 billion new IOT devices at 15% equals 1.2 billion devices. Revenue at $1.50 chip. 1.8 billion dollars then market cap of 36 billion. Or $16.36 per share. Disclaimer: I have been awake for 18hours.
XPE Price at posting:
6.9¢ Sentiment: None Disclosure: Held
My way of looking at it is by taking a look at the projected growth of IOT devices each year.. Take 2017 for instance increasing from 28.4 to 34.8 billion devices increasing in 6.4 Bill. Now ask how many of these will have ADRC XPED Tech. (Where to begin I have no idea) Maybe 1/2 - 1%. 30-65m chips.
