Was crunching some numbers this evening.
CCP Annual Revenue for FY2017 was $175k
If we look at back at CCP revenue:
Column 1 Column 2 Column 3 Column 4 0 Q3 CY17 Q4 CY17 Q1 CY18 Q2 CY18(Assumption) 1 $ 28,000 $ 68,000 $68,000 $90,000
CCP announced they secured an additional $100k in CCV sales in April which did not make it into Q1 report so some quick maths on that represents a $12k increase per quarter giving us $80k, I then added another $10k on assumed sales in the next 3 months.
We should close the financial year above $250k representing a 50% growth from prior year.
I am also weary on the Q1 receipts as it indicates no new revenue from prior quarter and I could not see a reason for this in the report despite several new customers that joined in the quarter.
I am hoping there is a delay in the payments and we see it come through in Q2 earning report.
If it is then that would be fantastic as it would take us north of a 50% increase from prior year.
Taking $250k as annual revenue gives us a multiplier of 17 with our current market cap ($4.4M)
With $1M cash on hand and no debt our EV is $3.4M.
Good buying at these levels
Was crunching some numbers this evening. CCP Annual Revenue for...
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