Maybe we hit the settlement jackpot. But just incase we didn't, or just incase we don't see the total settlement $ in this Qs numbers, here is an extrapolation that is my worst case EPS and SP senario.
Per license averages over past 4 Qs:
Net Income = $1.44 M
EPS = .004
Averages (days between license announcement) and how many more signings this would yield if the average held for the remainder of this Q
This Q average days = 6.9 days (yields 3 more this Q)
This Q excluding settlements = 10.5 days (2 more this Q)
Last Q (5 companies) = 14.6 days (1 more this Q)
To date this Q we have 12 licenses.
Assuming the above averages, with 3 more licenses = 6 cents EPS
2 more = 5.6
1 more = 5.2
The resulting TTM EPS would be 9, or 8.6 or 8.2 cents.
With the current P/E of 8.2, the SP would = 74, 71, or 67 cents.
I think the stock market panic is driving many good stocks down. That’s not unusual.
Keep in mind PTSC is, if not recession proof, at least recession resistant. That should begin to be recognized after a couple more Q reports.