| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| EVOK | ETON | BSEM | ELAN | ITCI | | CLSD | |
| NasdaqCM:EVOK | NasdaqGM:ETON | OTCPK:BSEM | NYSE:ELAN | NasdaqGS:ITCI | | NasdaqGM:CLSD | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | NM- | NM- | 7.6% | 545.8% | | 207.3% | |
| 3Y CAGR | 508.3% | 832.7% | NM- | -2.3% | 101.0% | | 1.4% | |
| Latest Twelve Months | 97.8% | 5.6% | 3445.3% | 0.5% | 46.6% | | 248.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -4422.6% | -4229.7% | -69.3% | 6.9% | -1336.9% | | -698.3% | |
| Prior Fiscal Year | -143.4% | -38.9% | -68.1% | 7.5% | -34.3% | | -2281.6% | |
| Latest Fiscal Year | -50.8% | -3.8% | -42.3% | 5.8% | -17.1% | | -302.0% | |
| Latest Twelve Months | -50.8% | -15.1% | 10.7% | 5.8% | -17.1% | | -320.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | -0.05x | 11.15x | 0.80x | 2.06x | 19.05x | | 12.19x | |
| EV / LTM EBIT | 0.1x | -74.1x | 7.5x | 35.6x | -111.1x | | -3.8x | |
| Price / LTM Sales | 0.77x | 11.61x | 0.85x | 1.16x | 20.50x | | 8.76x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.05x | 2.06x | 19.05x | | | | | |
| Historical EV / LTM Revenue | 1.74x | 35.81x | 415.28x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 11.12x | 11.70x | 12.29x | | | | | |
| (x) LTM Revenue | 8 | 8 | 8 | | | | | |
| (=) Implied Enterprise Value | 86 | 90 | 95 | | | | | |
| (-) Non-shareholder Claims * | (26) | (26) | (26) | | | | | |
| (=) Equity Value | 59 | 64 | 68 | | | | | |
| (/) Shares Outstanding | 75.8 | 75.8 | 75.8 | | | | | |
| Implied Value Range | 0.78 | 0.84 | 0.90 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.78 | 0.84 | 0.90 | | 0.89 | | | |
| Upside / (Downside) | -12.2% | -5.5% | 1.2% | | | | | |