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Identillect Technologies Corp V.ID

Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).


TSXV:ID - Post by User

Post by Rocktheplankon Jan 15, 2018 7:45pm
176 Views
Post# 27363854

Countdown to profitability -update-

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


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