OpenTable IPO ($600 million market cap)

Tech Bubble 2.0!

The company is valued at $625 million its rev: is $55.8m last yr and they had a net loss of $1m.

Q1 they made $366,000 in profit. Let's assume they will make $2m in profits 2009. That puts their forward P/E at 312.5X!!

Can someone please tell me at what price one must be selling "Open Table" SaaS service to restaurants (and to how many of them) to receive $59MM in revenue ? How many restaurants are there in San Francisco, Sillicon Valley, entire U.S.A. ?