Illumin annualized Illumin has 31 clients the last time I checked. Tal has mentioned that each client is spending on average 200k per quarter. If we annualize these totals and assume the average spent remains the same, then we have ~ 800k*31 = $ 24.8 million for the year
let's now assume that the average spent increases by a factor of 3 and the number of clients remains the same. We have $2.4 million*31 = $74.4 million over a full year.
What happens now if the number of clients doubles to around 60 by years end and the average spent is $2.4 million per customer? This would give us $144 million in 2022 alone just from Illumin.
All of these numbers are hypotheticals but the point is clear. We have an increasing trend of new clients with each quarter. When you combine this with the likelihood that the average spent per client should increase over time then we have a compounding machine at play here.
q4 2020 revenue ~ 1.5 million
q1 2021 revenue ~ 3.2 million
q2 2021 revenue(estimate) ~ 6 million +