Oct 19 Update hints potential near term quarterly
Post# of 22454
2017 Q1 (Jan-Mar) Financial Data
Assets: $1.7 million
Administration and R&D Expenses: $837K
Other Expense: $293K
Quarterly Loss: $1.16 million
(2017 Q2 (April-June) Report is mergered in 10K Annual Report)
As Online QD sale began only on August 23, there were only 5 weeks of sales for 2017 Q3 (July-Sept), but 2017 Q4 will report a full quarter of sales in February, 2018 and according to Stephen in the Oct 19 Update:
"We have begun to generate moderate revenues from our sale of quantum dot samples to our DISPLAY INDUSTRY customers. All indications are that these sales volumes will continue to increase and alone have the near term potential to cover a measurable portion of our monthly burn rate. Any additional sales realized from our point of sale efforts will enhance this further"
So, reading between the lines one can conceive that in the near term, Q4 QD sales to the Display Industry alone will be close to quarterly burn rate of $1.16 million. Our QD sales are mainly to DISPLAY INDUSTRY (such as TV makers), but additional sales to researchers and other innovative entrepreneurs will further enhance our sales revenue and could exceed our monthly burn rate, resulting in a positive earning.
It takes about one gram of QD for each TV panel, and TV makers will not be buying only a few grams. With 2017 TV shipment of 270 million units, QMC needs to capture only 1.5% of the market (4 million units) to reach the company's annual maximum production capacity of 4 tonnes (4,000 Kg, 4 million grams).
At maximum production capacity and annual sales and at humble, conservative variables as follow, projected share price will be:
QD sales in grams______ 4,000,000
QD sales price per gram_ $100
Gross sale ($)_________400,000,000
Profit margin__________40%
Net profit_____________ $160,000,000
Shares (fully diluted)____500,000,000
Net earning per share___0.3200
P/E ratio_____________10
Projected share price___$3.20