RE:RE:RE:RE:RE:RE:News.... The lack of sophistication on this Board is remarkable.
A "yuuuuge" $6M USD / year contract. This is revenue that is already priced into the analyst targets. They need 4-5 of these to just meet expectations for 2023 15% revenue growth.
More importantly, this is not profit. ETC doesn't make money yet (Real money, not EBITDA fake money). This is a 5% margin business. This might be $300k in profit per year. Doesn't pay for the debenture interest. Still very cash flow negative business.
Lastly, I know some on here tout ETC's ability to get multiples of the original contract value. This is apples to oranges comparison. They are comparing the original 1-2 year deals with ETC as a company in a startup phase with unproven technology that they ultimately then renewed 4-5 times over a 10-15 years. There was no 8X value of an original 10-15 year deal. As always, they mislead investors and the gullible fall for the marketing pitch.