Thanks for your work, chuk. Well thought out and thorough as always. Wondering what impact the app fee has on earnings (everyone forgets the app fee), On a 2 devices per app fee basis (conservative I would think) and assuming a three year watch life (again conservative) and no yoy growth (very conservative) 90k app fees would translate to 2.2m in the first full year, 4.4m in the second year and 6.6m for the third year.
Not all this is profit of course - development of app and customer service is a real cost, but the income is also real income.
MWR Price at posting:
$3.10 Sentiment: Buy Disclosure: Held
