Sep. 25 at 3:49 PM
$EOLS I did again my calculation , I think they could need more money so I assumed 15% dilution, the consumer sentiment with the tariffs is not good right now:
Peak sales target 2027:
$495 million.
Conservative 2x peak sales EV:
2×495=990
2×495=990 million USD.
Shares outstanding Sept 2025: 64.7 million.
Assuming 15% dilution → 74.5 million diluted shares.
Cash on hand Q2 2025:
$61.7 million.
Debt outstanding:
$155 million.
Cash raised from dilution (9.7 million shares ×
$6):
$58.2 million.
Total cash =
$61.7M +
$58.2M =
$119.9 million.
Adjusted EV considering debt:
$990M +
$155M (debt) -
$119.9M (cash) =
$1,025.1 million.
Equity value = EV - debt + cash =
$1,025.1 million -
$155 million +
$119.9 million =
$990 million
Fair value per share =
$990 million / 74.5 million = approx
$13.29 per share.
Current share price approx
$6, 8I assumed they dillut at currentl evels)
EV/Sales ratio with
$300 million 2025 revenue =
995m/300m=3.3×
995m/300m=3.3×, aligned with aesthetics growth peers.
