Post by
RogersBulll on Jun 21, 2022 12:48pm
Q3 and Q4 Outlook
I personally think we should have two really good quarters back to back. Here are my thoughts.
Q3:
Historically we have always seen business in Q3 at least $3 million on average. 202 was higher due to the SEPTA contract and 2019 had a bit of that as well. ($3.8 2021) ($5.5 2020) ($4.3 2019).
We know that in Q3 we signed $1 mil of Wifi contracts and a $1 mil SEPTA upgrade. So conservatively, I am thinking we will do at least $5 million in sales. This will be close to tying or potentially beating our record of $5.5 million.
Q4:
Historically we have always seen the highest revenue in Q4 and I think this year will be no exception. We average at least $5 million. ($5.2 2021) ($7.8 2020) ($5 2019).
We know that in Q4 we signed a $5 mil upgrade (to be completed by September) so most of this contract will be billed in Q4. Lets say 60% to be conservative. So $3 mil. Plus. We got National Express, but we don't know how to value this. Maybe an extra $500k at least for the quarter? This is questionable but could be much larger. We also got Alberta for 170 buses (x$4k per bus = $680k at least I think).
Therefore I am thinking we could see Q4 be the largest in history at around $9 million.
Year End:
I think by year-end, given these assumptions, we could see total revenues of $19.8 million and basically match our record in 2020. However, I am hoping these assumptions are too conservative and more of the SEPTA contract is billed, the Alberta deal is larger, and National contributes more than nothing in Q4.
I think this could end up being a good year, and we will have a good indication of such by the end of July with Q3.
Anyway, would love to hear some feedback and I trying to get the conversation flowing as I think this company is in a great spot for future growth. GLTA