RE: Valuation/FDA9 Feb 2021 10:55
Mxct has £30m revenue odd, and is valued at over £700m. Fantastic company valued on forward earnings potential.
My point being that their are liquid biopsy business's worth billions without revenue and/or minimal revue and that £196m market cap doesn’t reflect the forward revenue potential over the next 2/4 years that other companies market caps are factoring in.
Our Nasdaq listing should close this gap, but then I’m just a shareholder who hasn’t banked profits yet and I could still be wrong.
Foundation medicine was taken out for over 2 billion to, just to name one that has been subject to M&A, early stage at point of transaction.
Diagnostic companies are keen to replace Covid revenue with the large profits generated, my opinion, one of those areas will be liquid biopsy.
Well done on your profits moonP.