$9m Undervalued IoT Gem, page-48

They have a SaaS revenue model that is annuity in nature and not selling sensors. Each contracted control point yields a monthly subscription between $10 to $15 a month and their overhead levels are very low. They already have numerous channel partners including Dicker Data and awaiting Vodafone global agreement. So over time after 14k control points are contracted, they should be cashflow positive. We are at early stages of development for this IoT gem with a mcap of just 3pc of other IoT like BUD which does not even have any material revenues booked to date.