Thanks CrazyDave, I 100% agree with what you are saying.
I will be looking for an acquisition that is:
(1) Already growing revenue rapidly ( say, greater than 50% p.a) , Don't want another start-up added. I want something established to stabilise the Buddy Ship.
(2) Have revenue that is at a substantial level already ( I personally don't want something that has less than say $10m p.a revenue ) Takes too long to get traction as we have seen already with OHMs...Even though they maybe awesome, it all takes along time and cash burn.
(3) Be close to break-even or if possible have a NPAT within the next 2 years.
(4) Have synergies with BUD OHMs or Buddy cloud. I don't want something like a Parse. Although it was a good/ cheap opportunity to pick up, I personally don't see how is part of the business of smart cities, buildings and vehicles and IoT.!!!
Now for the MOST IMPORTANT part. How much does that cost us in dilution to get such a asset?
That is the $64m question!!
Not long now until we find out.
On another note just saw this. Looks like once again the bud team have been ahead of the game with their recent launch of MANAGED SERVICES. April is just around the corner and 300,000 building will need a report in UK alone!! The team is going to be busy.
https://www.businessgreen.com/bg/news-analysis/3070331/climate-risk-uk-firms-urged-to-prepare-for-new-green-reporting-rules
