For LIFX only.. Cost of revenue is roughly 70% of total revenue. If this remains consistent, then Revenue needs to increase by 90% this year.
Expenses have increased around 41% each year for the past 2 years, so if this rate is the same, then as a % of revenue this is low enough to have operating income positive.
If costs of revenue can be reduced as a proportion of total revenue, then the revenue growth can be less than 90%.
There is also interest and other costs to be subtracted to get the final EBITDA, which was around $900k in 2018
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column 9 |
|---|
| 1 | LIFX | | 31-Dec-16 | 31-Dec-17 | 31-Dec-18 | 31-Dec-19 | | | |
|---|
| 2 | Rev | | $1,1333,587 | $ 22,657,279.00 | $ 38,480,509.00 | $ 73,112,967.10 | | | |
|---|
| 3 | | | | 100% | 70% | 90% | | | |
|---|
| 4 | Cost of Rev | | $7,905,821 | $ 14,706,669.00 | $ 27,401,365.00 | $ 50,966,538.90 | | | |
|---|
| 5 | % of cost compared to Rev | | 70% | 65% | 71% | 70% | | | |
|---|
| 6 | | | | | | | | | |
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| 7 | Gross Margin | | $ 3,427,766.00 | $ 7,950,610.00 | $ 11,079,144.00 | $ 22,146,428.20 | | | |
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| 8 | | | | | | | | | |
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| 9 | Expenses | | 7343479 | $ 10,502,702.00 | $ 14,831,408.00 | $ 20,912,285.28 | | | |
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| 10 | % Increase in expenses | | | 43% | 41% | 41% | | | |
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| 11 | % of exp compared to Rev | | 65% | 46% | 39% | 29% | | | |
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| 12 | | | | | | | | | |
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| 13 | Operating Income | | -$ 3,915,713.00 | -$ 2,552,092.00 | -$ 3,752,264.00 | $ 1,234,142.92 | | | |
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| 14 | | | | | | | | | |
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| 15 | | | | | | | | | |
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| 20 | | | | | | | | | |
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