The deal with Netsurion is worth $2.3Mp.a, which almost doubles the company’s revs + management fees on top. They’ve made the deal public, jointly promoted the tech at the conference etc ... I’d say the binding contract is imminent
There are still other unknowns like AT&T guidance, other recurring orders, etc
I think they are well on their way to meet guidance of $10Mp.a. They lock in the Netsurion deal and another, they are almost there
When I spoke to them prior to the roadshow, they mentioned it was to ‘illuminate the confidence of the company in establishing contracted revenues in excess of $7m within the next 4 weeks and the start of additional revenue streams’
So I’d say they have plenty cooking
CIO Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
(20min delay)
