TSXV:POI.H - Post by User
Comment by
lscfaon Mar 01, 2016 5:59pm
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Post# 24610800
RE:RE:RE:Conference Call
RE:RE:RE:Conference CallHighlights...(to be confirmed when replay is available)
reduced employees from 91 to 78
Now at 12 major clients
Burn rate was 600,000 per month at fiscal year end but has declined since
insiders will participate in financing to close within 2 weeks
Some insight into the process: on-boarding of technology has become quite automated (as little as 2 weeks) but retail clients tinker with the user experience to get it right. (BestBuy spent 120 days messing around and settled on a little camera icon on bar of webpage.) So it takes 6 to 12 months from the time a client is signed until revenue starts flowing to SLC. Retail clients take 3 to 12 months to fully market the feature in their apps to their customers.
Live question from Alex Silverman (analyst?) about Slyce Link. It will have its first customers in the next few months. Easy deployment. High ROI for retailer so easy sell. I believe Mark said this could become the second largest revenue generator in 2016.