gcduck, the Cohen report shows over $167 MILLION in Revenues over the next 5
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posted on
Jan 06, 2009 07:28AM
years (I'm assuming that's Crossflo) with another 100 million from the MMP.
The MMP projection IMO is just a very simplified project in to the future based on the revenue received over the past 3 years.
From P. 17: The growth story is exciting. We forecast non-IP licensing revenues in 2009 of $8.6 million will grow
to $64.5 million in FY13. Our forecast assumes flat IP licensing revenues, which is reported as Equity in Earnings of Affiliates. Operating margin is forecasted to be positive in FY10 and expand through FY13. Free cash flow is positive throughout our forecast and the Company is expected to maintain a strong liquidity position. We do not incorporate any additional acquisitions into our forecast. EPS is expected to grow at a compound annual rate of 35% from FY08 through FY13.