RE:RE:RE:RE:RE:PO for US$5.65 million for Iridium modems and license feesRay you are correct to question the 90 percent
The contract is primarily license revenue Ray so it will be high margin revenue
It will be more likely to be in the 80-85 percent margin range.
As they start realizing the proceeds from this contract Ray, you will see net income go positive in a big way.
We may not see this however till 3/4 quarter
But Ray you are still missing the main point!!!!!!!
The turnaround is just starting
My estimate is they are bidding on 10-20 contracts like this
I am hoping they win say 3/15 over the course of the year, which is not unreasonable assumption.
Also Ray have you done any work on the edge opportunity?
I doubt you have, because you don't do any real work.
Well Ray we will discuss it later, if/when we get our first preliminary orders.
But here is a hint
A couple years out it has the potential to dwarf this contract multiple times over with life of plane saas type revenues