03-11-2019, 04:16 AM
144M is the projected 2019 revs released by TEUM, and it was released the first week of December I believe... So they have added at least 118M to backlog during the months of Dec,Jan, and Feb, they also added 76M in Nov.
Lets play it safe and not include Nov contracts. 118M x.15% (first year conversion %) = 17M + 144M = 161M - 6M (play it safe) for late IPAS close = 155M minimum for their update this Tuesday IMO.
If they did not add Nov contracts to that 144M estimate then we could see them bump 2019 guidance as high as 166.5M, this # is still sand bagging b/c that does not include any contracts for the rest of 2019!
We are way undervalued still there is no doubt there. I don't think many people know they came out with 144M projected revs in 2019 back in Dec.
Lets play it safe and not include Nov contracts. 118M x.15% (first year conversion %) = 17M + 144M = 161M - 6M (play it safe) for late IPAS close = 155M minimum for their update this Tuesday IMO.
If they did not add Nov contracts to that 144M estimate then we could see them bump 2019 guidance as high as 166.5M, this # is still sand bagging b/c that does not include any contracts for the rest of 2019!
We are way undervalued still there is no doubt there. I don't think many people know they came out with 144M projected revs in 2019 back in Dec.