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Urbanimmersive Inc V.UI

Alternate Symbol(s):  UBMRF

Urbanimmersive Inc. is a Canada-based company, which develops and markets real estate photography technologies and services. The Company is engaged in developing and commercializing immersive, which is a software as a service (SaaS) platform offering immersive marketing solutions, three-dimensional (3D) photographic equipment and photography services to professional photographers. Its segments include Software, Photographic Equipment and Services. The Software segment offers a SaaS marketing platform to professional photographers and other immersive visual content providers. The Photographic Equipment segment offers a resale service of 3D photographic equipment. The Service segment offers real estate photography and floor plans and measurement services. Its products and services include Print, Visual Media, Property Website, Floor Plan + and 3D Tour & Floor Plan. Through its HomeVisit printing facilities, it provides print solutions for real estate agents.


TSXV:UI - Post by User

Post by kaykay22222on Jan 21, 2022 7:33am
132 Views
Post# 34341235

Photography margins will drop to 20% to 40% in accounting

Photography margins will drop to 20% to 40% in accounting
I noticed one thing. The photography service was specified with an average gross margin of 40%-60%. This is probably because the freelance photographers are paid directly. By using standard 3D tours, this amount will drop significantly. The following example makes this clear: <br><br>
 
Assume a photography service costs $200 CAD. Let's say the gross margin is 50%. I.e. to Ui flows $100 gross profit. Of that, $40 is for the 3D tour. $60 is for the service. Because SaaS and service are separated in accounting, only $60 gross profit is booked for the service. SaaS has a gross margin of 85%. <br><br>
 
Service has only a gross margin of $60/$200 = 30%. (20% at 40% margin and 40% At 60% margin - we do have a range).
Overall, the Ui gross margin is 47%. 
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