RE: Brass neck6 Nov 2020 11:18
there is a lot of good news which is not fully priced in, even given the recent rise in SP. Back in 2017 I calculated a plausible market cap of £150M based on successful execution of the Stonechecker (kidney stone imaging) rollout alone:
"The cost of a single lithotripsy treatment is around £750 in India or the
Philipines. If we adopt this as an average global cost, assume a potential population with
access to treatment of 3 billion people, and assume that StoneChecker is licensed for use on
a single patient by StoneChecker Software Ltd for 0.1% of the cost of a single lithotripsy
treatment, this indicates an annual revenue stream of £18M. Software companies have
relatively fixed costs, so the overwhelming majority of this revenue should become net
income. If we assume a price-earnings ratio of 10, this implies a market cap around £150M
once StoneChecker is widely adopted."
Liver and brain applications, and the gad-free imaging which have been the subject of more recent RNSs and FDA approval are a delightful bonus.
I think IQAI is a pretty solid investment, despite being (currently) a very small market cap company. DYOR obvs!
GLAH