"Also included in revenues is recurring revenue from App subscriptions which was $98k for the period, a 3,631% improvement on the PCP. As at December 31, monthly recurring revenue had reached $30K; notwithstanding that there is a lag from when units are sold, and subscriptions are activated."
Above taken from the announcement. I added the bold text to highlight how much extra cash the app subscription will now provide from this point on, only to grow bigger with more units sold.Notice for the 6 months it was $98k. With the December figure above, the next 6 months will provide approximately $180k (more than likely more).
MWR Price at posting:
$3.20 Sentiment: Buy Disclosure: Held