RE:RE:Fair value of BEWkikker01 wrote: I agree with you. There needs to be quicker growth. The space is attracting competition, there with be growth, consolidation and for some, failure. They need to establish a client base more quickly and broadly if they are to demain standing or be attractive enough to someone with deeper pockets to be bought out. We are near 52 week lows. The price reflects the markets view of their growth rate and wasn't impressed with last Q results. This is not a marathon nor is it a sprint as it is early in the IoT game but it is a still a race. Clients sign on for years, not months. Companies you don't sign up go to the competition. That said, after large and sometimes crazy gains in lithium, anything associated crypto-currentcies and now pot, the market will eventually turn its attention to the IoT. Hopefully we will be in a good place when that happens. All imo of course.
Growth will accelerate in 2H18 and 2019. Competition is slowly starting but they will be miles behind BeWhere. BeWhere has already secured relationships with several major carriers. Those carriers are initially slow to place orders as it takes time for them to start promoting the product and training their salespeople. With time, these carriers or resellers will be placing large regular orders.
There's plenty of room for competition in the LTE-M space. The market opportunity is multiple times that of telematics, and you have many telematics companies who are thriving -- some even with a few $B in market cap.
I have BeWhere doing ~$1M next quarter with part of that 20,000-unit order being delivered in the quarter and $3-3.5M for the FY2018. In 2019, I'm thinking minimum $7M for FY2019 (100% YoY growth). Could be significantly higher.
There's plenty to be excited about. Growth will only start accelerating from here on out IMO.