WF, I took some real conservative numbers, and will probably ask Doug for realistic numbers.

Currently they have 5 districts in Georgia that have the STOP arm violation revenue sharing agreements. There are 20 projects where evaluations are occurring. I have no idea how many buses are involved and what the conversion rate is.

For 2019: taking 5 districts with average of 50 buses (buses ranage from 33 to over 100 per district), so total of 250 buses my numbers come out to $3.6M USD

That is a base extereme conservative minimum without considering any wins from the 20 proof of concept trials on hand. I believe there are currently only 13 states (not 30) that allow for video evidence for stop arm violation citations.

What I see from the last video interview is a foucsed CEO with a vision. The concept of recurring revenues is solid due to the short payback period on some of those STOP arm revenue sharing agreeements. In addition the potential managing of analytics for driver behaviour is another interesting revenue stream. Here we are focused only on school buses, of course scaling up to other mobile forms of transportation is a logical progression. The addition of 2 experienced board members late last  year and the US acquisition are good pieces to the puzzle to realize the vision. A updated video interview is sorely due.

I can understand investor apathy here. After the equity raise last year, a really soft quarter was announced and revenues have trended down breaking the momentum of the previous few years.. As mentioned in the video, some contract wins are not announced for competitive reasons so investors will need to wait Q to Q to see if revenues are moving back up. Doug's track record with SWE speaks for itself. Unfotunately this will be a show me story playted out Q by Q. The reward to risk ratio at a $8M market cap is compelling.