32 more business days in FY2022 for PAT Based on little platform sales revenue from 2-3 announcements during Q3 ($100k+), plus the $1m Xtract deal paid over 24 months (or $125k per quarter) I just don’t see more than $350k in revenue coming into PAT during Q4…. I’m just not seeing sales announcements, excited customers promoting their new sly installed threat detection system, and Xtract wins a $1m deal every 4-6 months, so they are out until FY2023 on new sales... Plus, there are only 32 more business days left in FY2022. How can revenues be greater than $350k or at max $500k?
That all said, here’s my Projection for PAT's Total FY2022 Sales Revenue, Op Costs & Cash In Bank by July 31, 2022.
Total FY2022 Revenues
- Platform Sales Revenue: $700,000
- Xtract Sales Revenue: $2,450,000
- TOTAL:$3,150,000
Total FY2022 Operating Cost
- Overall ($13,000,000) not including Raytheon’s $2.8m offset
Cash In Bank July 31,2022
These projections are based solely on Q3 results and last 9 months of success… if that’s what people here are calling it.
(See Facts From Sedar.com - June 9, 2022 MD&A for Q3, 2022 (ending April 30, 2022) - free access, available for all to review.)
9-Month Revenues
- Platform: The Company recognized $506,040 in revenue related to the sale of the Platform during the nine month period ended April 30, 2022
- Xtract: The Company recognized revenue of $2,319,323 in revenue related to work completed on contracts from the Xtract operating segment for the nine month period ended April 30, 2022.
- TOTAL: $2,825,363
9-Month Operations Cost: 8,754,034
- Technically $11,579,397 (but offset by $2.8m from Raytheon)
- Note Q3, 2022 was: $4,424,481
Cash In Bank: $10,610,731 on April 30, 2022