Route1 Inc V.ROI

Alternate Symbol(s): ROIUF

Technology Software - Infrastructure

Route1 Inc. is a technology company that enables its clients with data-centric solutions. The Company brings security and operations together with real-time actionable intelligence to enhance safety and security. The Company has a background in software development, network operations, and cybersecurity. It provides advanced data in a usable format from video capture technologies to enhance safety and security and improve operational efficiency. Its solutions include enterprise solutions, smart communities and turn-key engineering services. Its AutoVu ALPR (advanced license plate recognition), manages its parking lots with pay-by-plate technologies. Its surveillance and video intelligence technology includes Omnicast, Stratocast, Body-worn cameras, In-Car Video and Synergis Access Control. Its Security Center Synergis IP access control connects to third-party access control devices. Its services include advisory and analysis, project management, design and engineering, and others.

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Route1 Inc > Q3 results

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Comment by lscfaon Dec 21, 2021 7:07pm

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Post# 34252690

RE:Q3 results

Because subscription revenue is very high margin a reduced amount impacts gross margins and operating substantially.....

	Q3 21	Q2 21	Q1 21
Revenue	7,287,633	6,337,780	6,611,274
Gross profit	2,591,444	2,894,906	2,963,829
Gross margin	35.6%	45.7%	44.8%
G&A	1,517,909	1,452,614	1,470,987
R&D	247,811	200,908	203,906
Selling	671,361	797,124	866,850
Stock comp	104,610	172,823	200,784
Operating income	49,753	271,437	221,302

lscfa wrote:

No explanation for lower subscription revenues than prior quarters.

"For the three months ended September 30, 2021, revenue from the subscription revenue and services segment was $2,296,633, representing a decrease of $302,792, from $2,599,425, for the same period in 2020. The increase was the result of a shift in focus and demand for our subscription and services.

Q3 21

Q2 21

Q1 21

Revenue

Subscription

2,296,633

2,670,702

2,757,540

Devices/other

4,991,000

3,667,078

3,853,734

7,287,633

6,337,780

6,611,274