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EasTower Wireless Inc V.ESTW.H

EasTower Wireless Inc. is a Canada-based company. The Company has no business operations. The Company is in the process of identifying and evaluating businesses or assets with a view to completing a change of business or reverse takeover.


TSXV:ESTW.H - Post by User

Post by nozzpackon Jun 02, 2022 6:46pm
126 Views
Post# 34727984

Estimated Revenues in Q4

Estimated Revenues in Q4A similar company.....Murphy Wireless Services...generates $190,000 US in revenue per crew employee per year ...

https://www.konaequity.com/company/murphy-tower-service-llc-4019040969/

A
ccording to EasTower, they forecast having 10 crews fully employed by Oct 2022.

A crew comprises 4 men , so 10 Crews represents 40 crew members .

At $190,000 US per Crew per year, .......$190,000 x 40 = $7.6 million US = $9.5 million CAD.

That was before the recent two largest contracts .
So, reaching a $15 million runrate by exit 2022 seems reasonable .

Going forward, I fully expect to see many more contracts announced before Oct 2022..
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