Post by
Ciao on Apr 30, 2023 10:52am
Recurring rev
In the CSI video, Doug suggested that investors do the math on potential recurring revenues from mobile data collectors that could subscribe to SAAS applications.
Based on $30/month and 47K installed systems currently out there, that comes out to about $17M annually (I would believe that is USD). That's about $24M CDN annually. I could only guess on the current adoption rate but I would believe it could easily takeoff exponentially. Doug mentioned do the math twice in the video so he must be excited about the trajectory he sees.
Comment by
checkup on May 01, 2023 8:44am
And this reoccurring revenue is very profitable. Wonderful basis for growth.