RE:Upcoming subscription model and AirbnbI would bet that the company is on a run rate annual revenue of $10 milion near the end of 2021. Rapid growing SaaS and profitable. Many irons in the fire and GM's continue to climb.
Amazing upside for a $9 million market cap.
laurencelefou wrote: In the coming months, UI will introduce a new service which will change the real estate photography business. The new service will enable real estate photographers to offer monthly subscription services to their clients. This recurring revenue stream will be shared between photographers and UI.
UI intends to expand into new business segments by partnering with firms who will licence UI's 3D Pocket Website to local businesses, to security firms, to crime investigation teams and others. An update on this new venture will come in the form of a news release.
UI's photographers have contracts with Airbnb home owners. In the near future, could UI sign a contract with Airbnb?
Management and board members own 23% of all shares and institutional own 18%. The remaining shares (59%) are owned by retail investors.
UI is projecting revenues for next fiscal year will be around $6,000,000 up from $4,600,000, and maybe $10,000,000 by 2022 or 2023.
The average revenue generated by a 3D virtual tour is $40, but the average overall transaction on the UI platform is $12. So if more UI photographers transit from photos to 3D virtual tours, revenues will increase.