VSBY Corporate UpdateI had the opportunity to take in the VSBY corporate presentation yesterday afternoon and I found it very informative, here are some of the key points I took away.
The market opportunity for VSBY is $32B in retail and $187B in security for a total of $219B. VSBY is a computer vision company in an age where marketing is becoming totally digital vs. outdated means such as print with 80% of cameras/screens having AI capability.
VSBY has three programs:
DC which high has many competitors
VC which has a few competitors
Vector which has a few competitors
No company is doing all three so VSBY is truly one of a kind in the market and has the opportunity to dominate the retail / security market.
The share price of VSBY took a huge leap the past few weeks because of the deal with ABI, a definitive contract with them is to be announced in the few weeks. With ABI, there will be 2 revenue streams, the first is use of all three software programs that will generate $10M+ in revenue each year. The second is a Media revenue stream that will be a three way partnership with very significant revenue being generated.
VSBY is also doing a commercial collaborative with Intel, the very first of its kind and just signed a deal with Sky Packets in NY, where they will be involved smart city analytics, this deal will generate revenue in Q1.
VSBY will be profitable in 2021, either late Q2 or early Q3, it’s cash burn rate is $275,000 a month. They also have no need to raise additional capital, although they do plan to list on the NASDAQ when the opportunity presents itself.
VSBY vision is to be a $4B+ company within the next 2-3 years certainly a very aggressive goal. I do believe VSBY will be a Billion dollar company within the next year.