New sales = revenue = Profit Improvement
Once the number of seats they sell reaches 25,000 per annum they should be in profit , then its all blue sky
KNO make revenue based on how many terminals / laptops need a license , and they call this seats
The aim to get $30 per seat per month
At present I estimate they are around 50% of that short term target , with ANZ still making up about 10,000 of the seats.
Unfortunately ANZ pay far less than the retail rate of $30 per month , because they were the initial client , and they have so many seats.
IPOing today, looks good, page-63
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