Hi guys, I did a thought experiment on the financials for the quarter between October-December 2021. I found an interesting piece in the last earnings call by Simon Bedard (CEO)
Even Q1 2022, you can expect that we'll have maybe 2 weeks to 4 weeks of revenues that those new acquisitions that were done in November and December. We won't have the full effect even in Q1. We'll do have in Q2.
LINK
Let's say we have around the same SaaS revenue from last quarter ($700k) and from the service business ($300k) then there are 2-4 weeks of new revenue from acquisitions in December. Remeber that the guidance was given of about $7.5m revenue for service in 2022. Subtract June acquisitions ($1.8m) = $5.7m of new annual revenue in December.
- 4 weeks in December: $475k revenue in Q1
- 2 weeks in December: $237k revenue in Q1
So all in all around $300k + $700k + $475k =
$1.475m revenue for Q1 2022 (or $1.237m, if 2 weeks)
And this is - compared to Q1 2021 ($897k rev) - a growth rate of
64.4% (or 38%) yoy. Also consider my numbers are very very conservative - I think numbers will look much better for Q2. But we should see revenue growth on this Feb 24.