Comment by Ciaoon May 29, 2025 9:25pm
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Post# 36591424
RE:RE:RE:RE:RE:RE:RE:If I am Doug Dyment
RE:RE:RE:RE:RE:RE:RE:If I am Doug DymentYeah, those in the industry know who the players are. Eventually they will also find out the selling prices and can figure out GSI's margins as well. The latter given that GSI is a public company releasing financial statements for all to see.
From the NR today we know what the cost to upgrade / bus is and the monthly sub revenue. I figured DD put out the number of school districts GSI has a hand in to show the immediate addressable market GSI has. One can do some simple math to calculate what the potential is for upgrades and sub rev is when eventually most of these school districts upgrade. If I recall there was an estimate of the average bus fleet for school districts in the USA. Or given there are about 500K US school buses and GSI has about 20 - 25% of the market, they can see min. of $350M USD in upgrades over the next 8 years and eventually $35M in annual recurring sub rev. based on just 20% conversion or 100K buses.
Contrast that with GSI's current valuation of $60M CDN or $40M USD.