Valuation, page-20

Cash flow positive now and the company has demonstrated the potential power of the partnership / sales channel approach.

I don't doubt we will see a few more of these major announcements this year. Each 100,000k customers brings in around approximately $1 million Annual Recurring Revenue, depending on the underlying deal with the channel partner. Plus the gross margins are very high and remember cash flow positive.


The potential is here, in a growing sector, potential to spin off to other avenues, such as analytics, cyber security etc.

Each to make their own mind up, I see this going much further north once we see further deals / confirmation of uptake. The groundwork / foundations have been built imo.