RE: Rough numbers1 Nov 2021 10:25
Pumpky,
The beauty of ODX is that it's pretty easy to value we are talking number of tests x cost or profit whatever you want to work on. I'm sure in previous presentations 55% profit margins were mentioned so lets use 50%. We have capacity to produce 50m non-government tests per year so you can use what price you want. It would be madness to think we are selling them at £1 given how much the test provider will sell them at so £4 a test and £2 profit would not be unreasonable and that's £100m a year profit for 50% capacity. Still more profit than current market cap it's a mad valuation at present.