Feb. 25 at 11:56 AM
$SCYX Should we do a comparison to Basilea Pharmaceutica AG. At ~
$54 /share they trade at 10x earnings. Note there are only 12M shares - must have been a reverse split in the past. If you divide by four to get to SCYX share numbers, they would be
$13.5/share. From 2021 to today, their EPS went from negative to positive and they are now coming out of the hole they have been in. Similar trend. Granted SCYX is in a bigger hole, but even at
$20M/yr in earnings, with 60M shares (to account for executed warrants, which it looks like Basilea had too), we are at 0.33 EPS X a P/E of 10 gets SCYX to 3.30/share. Am I missing something? To get to 20M in earnings we need 60M in revenue - is that not possible?