RE:RE:RE:Has this company ever delivered on anything tangible? hey dudu18, happy to hear you are following this great company now.
Jay spoke yesterday about 2020 and the obstacles it presented VSBY as the amount of retail traffic was down substantially so it affected their business model and forecasts.
We should hear any day now results for 2020 and Q1 2021. To me what's most important is that Jay stated that 2021 revenue should be $5-7 Million with $12-18 million in bookings. To me that's the most relevant information right now.
I believe next month they will announce a couple of new contracts with some of the companies they are currently doing pilots with. I'm guessing one of them is Canadian Tire, which would be huge.
I believe the AB InBev Modela deal has removed the uncertainty regarding VSBY and its just a matter of time before the SP really moves.
I've been following this company for 14 months now and I keep buy more and more shares which is increasing my ACB, at on time it was 20 cents but is now in the mid 40 cent range.
I'm long on VSBY!
dudu18 wrote:
@Youhillman I just spent some time listening to Jay present at the Emerging growth conference. Pretty impressive lines of business, and some very impressive partnerships.
One of the questions that was asked was about 2020 revenues. I went looking for the corporate presentation from March 2020 and Jay had forecasted the following revenue for 2020:
a) Sensormatic - $4 M to $6 M
b) $17 Bill Retail Display & Packaging company (I am assuming this is WestRock) - $2.5M to $3.5M
c) Seneca - $2M to $3M
d) News America Marketing - $2M to $3.5M
e) Energetika - $2M to $3.5M
This is besides any other projects outside of these channels.. In total this works out to $12.5M to $19.5 M for 2020
Jay had mentioned that covid-19 had an impact on the business last year.. so lets shave off 50% from the lower end of this range (although revenues for SaaS based businesses actually went up last year!!), That would still mean that 2020 annual revenues should come in around $6.25 Mill atleast. I guess we will wait for a few days to see if Jay was able to execute and follow through on his forecasts.
What other information should I be reviewing?
Btw 2021 revenue forecast, based on Jay's comments in the presentation today, were 6 to 7 Mill. So thats already lower than the forecast for 2020 and much lower than the numbers from a single year of AB InBev deal + All the other channels that are in the slides. Where is the disconnect?