Hi Taipan, either I am missing something, or this is incomplete....

Hi Taipan, either I am missing something, or this is incomplete. Firstly, there are approximately 7.3 million echocardiograms performed each year in the US. Additionally, the revenue received from hospitals (30% of the reimbursement) is not total profit. Currently, the company has an annual cash burn of approximately AU$5.2 million and that’s without paying contract sales representatives, internal BDMs, or similar personnel.The net profit to which we apply the PE multiple must account for expenses and tax. It would be wise to assume that only one-third of the revenue received from hospitals will translate into profit, with a 30% tax applied to that profit.