RE:Has this company ever delivered on anything tangible? The AB InBev / Modela was announced last month with significant revenue being generated over the term of the deal. I will post below the key parts of the news release from last month. It's a monster deal!
VSBY has a number of pilots on the go right now, at some point the vendor will realize the value VSBY brings to the table and sign a contract, you could see 1-2 deals announced in the coming weeks.
IMO this will be a Billion Dollar plus Company, so I'm long on VSBY!
....here's the press release I mentioned above and the key part about the revenue being generated....
VSBLTY Co-founder & CEO Jay Hutton said, “The deployments are already underway in Mexico, Colombia, Peru, and Ecuador and we have started contracting media time to consumer-packaged goods brands to advertise to Latin American shoppers right at point-of-sale where buying decisions are made. VSBLTY will be supplying its proprietary software for analytics, security, and visual display,” Hutton said. “The three firms will be equal partners in the joint venture. VSBLTY will earn revenue from the joint venture in two ways. First, and more modestly, from the licensing fees to VSBLTY for the proprietary software that will be leveraged by the joint venture, and second, and most significantly, VSBLTY will share in one-third of the annual operating profits from advertising revenue, modeled to be greater than $200MM USD in total to the joint venture over the first five years,” he concluded.
dudu18 wrote:
I am trying to do my DD on VSBY. Looking back over the last 2 years, it seems like some major partnerships and projects were announced. Energetika being one.. It was supposed to drive $10 Mill in revenues over 3 years. Almost 2 years in, I can't figure out if any revenue was recognized here.
Also on the Mexico city installation.. How can a security system be deployed in a city with no revenue showing up in financials?
What am I missing?