As a first post, welcome is in order. I'd like to supplement the analysis with my own thoughts. This analysis doesn't take into account any post processing/labour required to get the bikeframes in a sellable state.
The analysis also doesn't take into several other things, such as: - processing time when comparing traditional methods vs TKF (e.g. melting vs additive), or time taken from production to market for a titanium product. - structural advantages of TKF (e.g. no welding in bike frames, different shapes) - maintenance costs with existing machinery required for traditional titanium processing - Other industries that can take advantage of TKF, where revenue flows back to Titomic (i.e. your calculation results would be multiplied), as commented in another post, think more than one machine.
That's just off the top of my head. Personally I wouldn't try to come up with a thorough and complete analysis as it would take a lot of time to do a proper job, plus there is a lot I don't know. I'm not saying don't attempt one, just that there is a lot to consider and your analysis is quite narrow (intended as constructive criticism), as it is based on a few numbers from the presentation. As for revenue, the company is still in a growth stage so personally I think the current figures are a reflection of that, and not indicative of the potential.
TTT Price at posting:
$2.06 Sentiment: Buy Disclosure: Held
(20min delay)
