| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| NEON | SEYE | NVX | 0QNQ | 0K6M | | M2Z | |
| NasdaqCM:NEON | OM:SEYE | ASX:NVX | LSE:0QNQ | LSE:0K6M | | DB:M2Z | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -14.1% | 34.5% | 35.6% | -13.9% | 41.3% | | 24.7% | |
| 3Y CAGR | -18.9% | 47.9% | 14.6% | -20.2% | 1.1% | | 24.1% | |
| Latest Twelve Months | -12.9% | 4.9% | -13.7% | -6.8% | 18.2% | | 13.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -144.4% | -113.9% | -651.6% | -0.5% | -6.4% | | -52.6% | |
| Prior Fiscal Year | -149.8% | -93.6% | -621.8% | -4.7% | -27.7% | | -25.4% | |
| Latest Fiscal Year | -210.6% | -70.5% | -929.4% | -6.6% | -11.7% | | -39.8% | |
| Latest Twelve Months | -266.7% | -62.7% | -858.7% | -6.6% | -9.2% | | -37.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 144.83x | 7.77x | 47.44x | 0.01x | 1.52x | | 3.12x | |
| EV / LTM EBIT | -54.3x | -11.2x | -5.5x | -0.1x | -16.5x | | -8.3x | |
| Price / LTM Sales | 149.73x | 7.50x | 39.60x | 0.25x | 1.64x | | 2.91x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.01x | 7.77x | 144.83x | | | | | |
| Historical EV / LTM Revenue | 4.07x | 4.95x | 14.11x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.21x | 3.38x | 3.55x | | | | | |
| (x) LTM Revenue | 67 | 67 | 67 | | | | | |
| (=) Implied Enterprise Value | 216 | 227 | 239 | | | | | |
| (-) Non-shareholder Claims * | (13) | (13) | (13) | | | | | |
| (=) Equity Value | 203 | 214 | 226 | | | | | |
| (/) Shares Outstanding | 5,525.0 | 5,525.0 | 5,525.0 | | | | | |
| Implied Value Range | 0.04 | 0.04 | 0.04 | | | | | |
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.03 | 0.03 | 0.04 | | 0.03 | | | |
| Upside / (Downside) | -1.4% | 4.2% | 9.7% | | | | | |