TSXV:RHT.H - Post by User
Comment by
lscfaon Mar 01, 2022 8:49pm
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Post# 34473342
RE:Fins on sedar
RE:Fins on sedar Piss poor transparency. Mgmt says hardware revenue is exaggerated b/c it contains some SAAS revenue and it is hard to break out for reporting. I say try harder. Maybe they are being opaque for competitive reasons but it's easy to can calc a possible scenario of hardware being sold with 3 months subscription included.
| Dec 21 | Sept 21 |
device cost | 413,709 | 325,710 |
Device rev 60% margin | 1,034,273 | 814,275 |
Reported device rev | 1,615,577 | 1,244,284 |
Difference is SAAS | 581,305 | 430,009 |
No. of $100 devices | 4,137 | 3,257 |
SAAS rev Per device | 141 | 132 |
No. of $50 months | 2.8 | 2.6 |