RE:RE:RE:Keep watchingPlease educate me about this 'recurring revenue' model. As I see it, we are currently primarily a services company. We do a bunch of 'one off' jobs for various companies right? Sure, some of them might really like how we went about our business, our prices, how much we were able to save them, etc, and so they bring us back to do other 'one off' jobs, but this isn't really a recurring revenue model.
Our rapidly growing quarterly revenue numbers are a reflection of the good sales staff, the good operators, the exploding demand for drone service tasks.
Where are we supposed to be finding recurring revenue contracts? I believe that is the point Burns was trying to get across. Am I wrong?
Or are you looking to the future to some other aspect of the business that will actually generate recurring revenue? If so, please enlighten me as to what that might be?
Also, yeah, I'll admit it. I'm a 'meat head' that doesn't do nearly enough DD on any of the stocks I get involved with. I also only ever post about the ones that are underperforming, as UAV clearly is right now.
I'd take 12c right now. I don't know if Divot would. I would definitely not be all out if it got there.
As for the revenue, we were around $350,000 in Q1, $540,000 in Q2, and everyone is expecting even more from Q3 in a few weeks, for our roughly $8.5M market cap company.
Contrast that with the $127k or so that DVR did last quarter, and their roughly $4.5M market cap.
Things that make you go hmmm.