RE:RE:Gatekeeper Reports $6.5M Revenue in Fiscal Q3 ronron wrote: not exciting, but enough to show it's heading in the right direction, certainly enough to reassure me until Q4 release in December. I have to admit my expectations did get overly inflated in the past few months like those talks about $40 million revenue estimates. Now back to reality and our original plans, but that's not to say 39% growth is not impressive
as for FRA, I'll hold off on any expectations about "notable interest" until we are actually past the starting line first, don't have my notes with me but should be Oct 2024 for new trains. Not gonna let some pump talk blueball me again lol
If the market was expecting $40M in rev, the stock would have stayed in the high 80s or moved higher. Only Money Mark publicly stated those lofty numbers, that expectation has been questioned here.
As Doug stated, it's the school bus MDC upgrade cycle that is driving the company for now. We saw one large $3M USD contract announcement in May. The key is to tie those upgrades to immediate SaaS rev, thus the higher sales and marketing expenses and attendance at trade shows. Last August in Q1 they announced the $9M SEPTA contract which was filled in q1 and q2, not sure if we will see anything similar this month or next.