Route1 Inc V.ROI

Q3 results

[lscfa]

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

[lscfa]

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

[Pandora]

Subscriptions down, Devices/other up, total overall is up i.e. "increase". When this was a MobiKey company I could mostly understand the concept or definition of "Subscription" vs "Devices". Now that there are 4(?) divisions to the Company I no longer have an understanding. Is a simple laptop a device? Or a rugged phone? Or a license plate reader? What gets dumped

[lscfa]

Subscription Revenue and Services   Revenue from the subscription revenue and services segment includes: (a) application software subscription- based revenue (MobiKEY, ActionPLAN, Powered by MobiNET, DerivID and MobiENCRYPT); (b) DEFIMNET platform and other appliance licensing or yearly maintenance; (c) technology as a service (“TaaS”) under term contracts; and (d) other services.  

[lscfa]

Devices and Appliances   Revenue from MobiKEY devices (the MC3 device, the MobiKEY Fusion device and the MobiKEY Fusion3 device) and appliances (the DEFIMNET platform and the MobiNET Aggregation Gateway), ruggedized computing devices and accessories, license plate recognition equipment and accessories for the three months ended September 30, 2021 was $4,960,413, representing a decrease of

[lscfa]

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

[lscfa]

Q3 2021 CC slides provide explanations too.... https://www.route1.com/wp-content/uploads/2021/11/Route1-November-23-2021-Webcast-v3.pdf