Not sure I care about breakeven when you are doubling sales. My guess is that sales will be more than 2.5m in Q4, maybe 3/3.5 This puts them on ~11m USD in FY20...
They are going into 1Q21 with ~3x the shop fronts and growing you might expect 3x the sales. Conservatively say they double sales in FY21. This puts them on $22m USD/ $32m AUD... ie currently trades at about 1x forward sales growing at 2x...
Even if that multiple holds the stock should double then next year. Then in terms of exit, if you give them ~half the take out multiple Keith talks to say ~5x sales you are looking at 5x your purchase price.
In any case, I would buy anything with a top-line growing at 2x where the stock is 1x revenue.
Cheap X Growth, buy...
CLB Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
(20min delay)