MS underestimated the incomes far below what Resapp's multiple apps could earn. Using $5 sample per MS, once CE and TGA were approved and apps were commercialized, the incomes derived from these apps would be huge. Using small sample of 10 - 20 million users in Europe and Australia, the revenue derived would be between $50m - $100m for the first year of full commercialisation. CE and TGA approval is expected very soon and became commercialised soon after. So $50m - $100m would be derived in FY2020. Ofcourse if everything travelled smoothly, fy2021 revenue would even be greater than fy2020 and so on.
RAP Price at posting:
9.2¢ Sentiment: Hold Disclosure: Held