The key is to deliver on, or surpass expectations. Do that & you will get a well-valued share price. The issue for 3DP is that one or two promoters were doing the rounds late last year, setting expectations too high for the Dec-Q & now the market is underwhelmed.
Businesses of this nature (early-stage, concepts) take time to reveal whether they are the real-deal or not. I think in this case 3DP have a chance; for me the most interesting event over the past few months was the conversion of the proof of concept trial into an enterprise DaaS agreement with one of North America’s leading mobile mapping companies for $10k pm.
I'd expect further sales to drop these coming quarters. For now there are my revenue expectations:
Enterprise customer in the Utility sector: DaaS subscription to a $10,000 pcm = $30k P.Q. or $360k p.a.
ADAS Sector: $37.5k P.Q. or $A150k p.a (doubling to $A300k p.a.)
AEC sector: $31.5k P.Q or $A126k p.a.
Surveyor/Mapping Sector $5k p.m. or $60k p.a.
Total $700k p.a. = burn of $1m (based on costs of $1.7m).
