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 9:15pm

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Post# 34252942

RE:RE:Q3 results

Q3 2021 CC slides provide explanations too....

https://www.route1.com/wp-content/uploads/2021/11/Route1-November-23-2021-Webcast-v3.pdf

lscfa wrote: Explained in Conf. Call.

08:20 And for us, what we've -- we're still at a level that's much higher than where we were pre pandemic. But some of dollars that were put out there for one time are bridge work from home investments have been pulled back.

09:53 Talking more about the services revenue or that recurring line, again, as we talked a little bit about the MobiKEY application software revenue eroded a little bit from the second quarter. Again, that's primarily related to COVID dollars being pulled away. And again, why it looks so stuck from Q3 2020 has everything to do about exchange rate. So there is two impacts here again when application software revenue dropped from $1.9 million in Q3 2020 to $1.6 million in Q3 2021. It's primarily related to CapEx, it's also related to a lower number of MobiKEY subscribers.

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