| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| GLTK | NUVR | LUMN | FYBR | LICT | | HMMR | |
| OTCPK:GLTK | OTCPK:NUVR | NYSE:LUMN | NasdaqGS:FYBR | OTCPK:LICT | | OTCPK:HMMR | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | NM- | 1.3% | -9.4% | -6.0% | 2.6% | | 8.5% | |
| 3Y CAGR | 13.6% | 1.7% | -12.7% | -2.5% | 1.3% | | 14.3% | |
| Latest Twelve Months | 72.0% | 5.2% | -10.0% | 3.2% | 15.2% | | 0.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -39.8% | 18.5% | 14.7% | 16.1% | 24.0% | | -16.5% | |
| Prior Fiscal Year | -46.2% | 14.0% | 7.9% | 13.5% | 17.7% | | -38.3% | |
| Latest Fiscal Year | -21.8% | 14.3% | 3.5% | 8.5% | 19.9% | | -42.4% | |
| Latest Twelve Months | -21.8% | 14.3% | 3.5% | 8.5% | 19.9% | | -42.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 17.73x | 2.64x | 1.56x | 3.41x | 1.83x | | 1.35x | |
| EV / LTM EBIT | -81.2x | 18.4x | 45.1x | 40.3x | 9.2x | | -3.2x | |
| Price / LTM Sales | 14.49x | 0.73x | 0.25x | 1.51x | 1.47x | | 0.67x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.56x | 2.64x | 17.73x | | | | | |
| Historical EV / LTM Revenue | 1.35x | 9.92x | 21.09x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.76x | 1.85x | 1.95x | | | | | |
| (x) LTM Revenue | 3 | 3 | 3 | | | | | |
| (=) Implied Enterprise Value | 6 | 6 | 6 | | | | | |
| (-) Non-shareholder Claims * | (2) | (2) | (2) | | | | | |
| (=) Equity Value | 4 | 4 | 4 | | | | | |
| (/) Shares Outstanding | 61.4 | 61.4 | 61.4 | | | | | |
| Implied Value Range | 0.06 | 0.06 | 0.07 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.06 | 0.06 | 0.07 | | 0.04 | | | |
| Upside / (Downside) | 62.2% | 76.1% | 90.0% | | | | | |