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CEO ( seated in the middle ) at Liveworx last week [ATTACH]

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Inferno31

3,251 Posts.

71

06/06/17

21:52

Post #: 25135485
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Originally posted by Inferno31 ↑

Forecast already provided - double revenue in 2017 from $1.1 mil in 2016.
The company recorded revenue of $190,000 in Jan 2017. Plus another $120k from the Navy contract in May . No idea how much revenue they made between Feb and April. they are on track. New COO and additional budget to market and sell the product. Already presented in Europe as part of the US Blue Tech delegation , now in Canada and AWWA conference .
I think those targets are conservative.
I personally would like their software side to pick up so they can start generating recurring revenue on the side, in addition to the upfront payments through sales of the drones.

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CEO ( seated in the middle ) at Liveworx last week

UUV Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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