EVS Research Report Revisited

https://www.pacific-environment.com/wordpress/wp-content/uploads/2016/05/160517_PEH.pdf

Had a look at a Research Report issued by CCZ Equities in May 2016 and found it quite informative as the report had a section specifically about Envirosuite as a separate segment (Back when Envirosuite was part of Pacific Environment).

Interesting to note that to breakeven, EVS needs around 40 to 45 sites from Direct Sales channels and 20 to 25 from Reseller channels (Assumes 3 to 4 modules per site). This probably explains why the share price is not moving yet as it doesn't appear from announcements released to date that we are anywhere near those breakeven targets yet.

Hopefully, sales wins start accelerating soon as the opportunity cost of holding EVS is becoming more and more evident as the overall share market continues to rise whilst the EVS share price remains relatively dormant.