Countdown to profitability -update-I think this recent news release proves the model I built earlier, but instead of calculating 3$ a month per user, the average seems to be around 2$, like someone mentionned earlier.
So we have 374 400 $ of the 900 000$ needed or 62 400 / 150 000 subscribers or 41,6%
374 400$ would be a full quarter at the amount of suscriber we have now.
Here is another model I made imlying we get a steady 14% customer increase per month at 2$ a user a month
Growth per month
Month | Growth % | Users | Revenue (2$/user/month) |
January | 56 % since september 40k users. | 62400 | 124800 |
February | 14,00% | 71136 | 142272 |
march | 14,00% | 81095 | 162190 2018 Q1 total 429262 |
april | 14,00% | 92448 | 184896 |
mai | 14,00% | 105391 | 210782 |
june | 14,00% | 120145 | 240290 2018 Q2 total 635968 |
july | 14,00% | 136966 | 273932 |
august | 14,00% | 156141 | 312282 |
september | 14,00% | 178001 | 356002 2018 Q3 total 942 216 |
october | 14,00% | 202921 | 405845 |
november | 14,00% | 231330 | 462660 |
december | 14,00% | 263716 | 527 432 2018 Q4 total 1 395 937 |
| | | 2018 total 3 403 383 |
Please note that we need 3.6million a year to break even...
Maybe by exponetial growth, they expect the new user subscribing rate to be bigger than 14% in the upcoming months.
GLTA