Cash receipts are up approx 20% over this time last year but with this Iridium GO! TM (new Satalite hotspot phones which retail for approx $1100) product we are looking to seal 10,000 units from June 14 meaning big increase in revenues (FY15)then looking to double that in FY 16 (15000-20000 Units)if they wholesale for half the retail this could ad $5-$10M in revenues but I need to do more homework to really know. apparently $1.8M extra will be generated from these sales in this FY14 (to add to the approx $9M already in cash receipts for the last 9 months) with the balance after. You'd think being OEN (original equipment manufacturer) the margins should be relatively decent. I like it.
WRR Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
