Ann: Material contract & first multi-site win, page-7

I think if we assume all costs are related to the subscription service (which is massively conservative), then costs are about 5.3mil/6months over the last 2 periods. With arr now hitting close to 5mil/year we could expect cash burn to be down to 5.6mil/year = 450k/month. 

If we get arr to 6 mil then burn should reduce to 380k and at 12 mil we would easily be break even. I expect breakeven in 12-18months. 

if costs are 6mil and stable and we hit arr growth aspirations we will be breakeven h1 2020. That doesn’t include revenue and profits from the non subscription work.