Insurance Company Deals Coming? PASSCREATOR GENERATES OVER $160,000 CDN REVENUE IN Q1
Passcreator had one of the best quarters in its history, realizing $161,630 CDN of revenue in the first quarter. Significant new deals with several of its existing customers such as Mercedes and BMW and a new deal with a global company operating in 29 countries around the world, led to a 188% increase in revenue YOY. There are additional large deals with these customers, as well as with 3 of the largest insurance companies in the world that are being negotiated right now for Q3 & Q4.
The acquisition of Passcreator is already paying off with significant recurring revenue, as well as the commencement of negotiations with several of its largest Wallet pass customers and prospects to implement Fobi devices.
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