RE:As we are waiting for the 2018 & 2019 Q1 FinancialsFish153 wrote: I expect 2018 financials to be better than previous years. However, I do not expect they break even or post profit in 2018.
ID must generate 2M a year in net revenue to break even. ID’s success heavily depends on how many subscribers they can get via ABA and other partnerships.
As you already know, not all lawyers sign up for Delivery Trust immediately after the agreements are signed. It will take time.
According to my calculation the potential maximum revenue from these big contracts would add over 20 M to ID’s annual recurring revenue, but we have a long way to realize this maximum revenue.
I also want to add that this calculation is based on 30 to 40 percent discount.
If ID can get minimum of 10% from these contracts this year, then they will post profit in 2019.
Great post. Identillects good days are ahead of it.