Bullish
$ADMA I estimate that ADMA needs $20 million a quarter to show a profit. Running a sequential growth number of QoQ with a conservative 10% revenue increase each sequential Quarter gives Q1/20 Revenues at $12.54, Q2.20 of $13.8, Q3/20 of $15.7, Q4/20 of $16.69. Then add in Contract Manufacturing (CR) of $5 million for the year and that would be Full Year 2020 Revenues of $63.2 Million (116.4% CAGR). The CR would be weighted towards Q3/Q4, making ADMA Cash Flow Positive by Q4 with a dramatically lower Cash Burn Rate in 2020. Continuing a 10% QoQ growth for 2021 with $10 Million Annual CR, then Q1/21 revenue hits $18.36 M plus $2 M CR = Q1/21 of $20.36. Then $20.2 M plus CR of $2.25 M = Q2/21 of $22.45 M. Then $22.21 M plus CR of $2.75 M = Q3/21 of $24.96 Million. Finally $24.44 M plus CR of $3 M = Q4/21 of $27.44 M. That results in FY 21 of $95.21 Million (50.65% CAGR). These extremely conservative numbers are with no new Revenue Sources being added during the next 24 months.
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