EYE 2.17% 23.5¢ nova eye medical limited

Nova Eye Medical (EYE) Discussion, page-3178

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    With the soon to be releasd sales update, does anybody have a weekend predictions for the Global Sales figure?

    Global Sales
    H1 23: US$ 5.6m
    H2 23: US$ 5.5m
    H1 24: US$ 6.6m
    H2 24: TBA

    With some new sales staff partially onboarded during this half & no regulatory uncertainty like Nov/Dec 23, I’m guessing our H2 figure is about $8m - $10m taking our full year revenue (H1+H2) to circa US$14.6 -$16.6m, or AU$22-25m.

    At current Market Cap of $50m, this would put us at a very low revenue multiple of only 2x which is well below the average industry rate and rate for high growth companies.  With growing revenue & a nice R&D pipeline we should be more towards 5-8x revenue.
 
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