I wouldn’t be surprised by $5m
I’m also looking for doors increasing to over 20k, so 30k doors plus B2C.
Will also be looking keenly at product manufacturing costs and marketing spend to complete the picture.
Quarterly fluctuations can be deceptive so even if one is lower, it’s the story I’m still analysing to see if we are making progress.
News about new business opportunities will also be a part of this, if they have secured any new commitments.
Overall, with such potential I wouldn’t be surprised to see figures much higher in any of the above. It could happen at any point from a few well-executed deals. If it doesn’t happen this 4C, imo it’s still a hold/buy until the next when I would expect the see the jump.
That’s why I think it’s an excellent risk/reward investment over the next 6 months, at the sub 20 level.
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