RE:RE:InterestingARIMA11 wrote: Assuming the cost is zero (free share) at an average price of $0.75 *1.9M shares = $1.42M + the $1.25M in cash would be $2.67M for the cost of acquisition. Total price will depend on the share price going forward and how it vest.
This is difficult to evaluate if this is a good deal.There is no financials provided on CrossConsense because its private. Anyways... The purchase price was within industry norms for revenue multiples of private companies. So really how much is CrossConsense revenues?
This is looking like a good deal for Udo as CrossConsense does about $2M a year in revenue from what I can tell. 20 employees for $100K per employee in Europe does not seem like enough to be profitable on its own. There has to be a huge multiplier with their special software to make this valuable. Not bad for a guy that was selling used aircraft parts a while back.
I am going to change my prediction to say that FLY will be back to the cash trough in a year or less not two years like I said before Christmas. I forgot how much Bill likes to spend other peoples money.
I have read the press release 4 time and looked at Udo's website and still cant figure out exactly what they do and how they benefit the industry in laymans terms.