Hi all,
Lets hope the 2022 FY share price disaster is over and we have a prosperous 2023.
I'm interested is everyones revenue projections for the Full year result out next month.
MVP has been growing around 45% since we took over direct sales in most countries, half yr was $13.9 million up 45% on the $9.6 mill the yr before.
Last YR22 we had revenues $22.4 million up 37%, if we pick middle ground of 40% growth we should add another $9 mill rev taking us to $31.5 million for the full year.
I hope we can beat this closer to $35 million putting MVP on 2 times revenue market cap, if we hit close to that either way MVP seems cheap on that multiple alone. Plus i can't see why revenues can't keep growing at that rate for some time potentially taking us to break even revenue next FY of around $44.1 million if the 40% growth trend continues.....
Management has been very quiet working hard behind the scenes doing studies on multiple cases of treatment pre and in hospital settings, we should also get an update on teen use for Europe on the regulation front.
Lots of moving parts the market isn't factoring in, but revenue numbers need to stem the cash burn bleed before the market takes notice of MVP. I feel like 2023 has to be better than last year and i hope to see management buy on market post the result to show us some confidence.
The chairman is very under water on his massive outlay, would love to see he and the rest of the board buy after a fingers crossed good growth half result.
Would love to hear others projections both positive and negative.
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