In the short term, ROTH Capital Partners expects NaturalShrimp Inc. (SHMP:OTCQB) to boost production in H1/22 and increase revenue to about $6 million by the end of fiscal year 2023, wrote analyst Brian Wright.
By 2030, ROTH anticipates NaturalShrimp will reach nearly $300 million in annual revenue based solely on expanding its number of facilities to around 20 from its current five in Texas and Iowa and growing production.
"As production scales in existing facilities in calendar 2022, opportunities to fund additional plant expansions will multiply, in our opinion, as the company has been highly capital efficient to date and plant costs are well below RAS peers who focus on salmon production," Wright added.
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Disclosures for ROTH Capital Partners LLC, NaturalShrimp Inc., Dec. 21, 2021
Shares of NaturalShrimp Incorporated may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.
ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2021. Member: FINRA/SIPC.