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Posted On: 04/05/2019 11:27:34 AM
Post# of 32696
I know it's hard not to focus on the sp but looking at the market cap might be more beneficial. Right now I think it's just above $50M.
Now think about what a company is worth with $13M in revenues and growing, plus cash for development and more acquisitions.
As the subscription numbers continue to grow, so will the monthly revenue.
I'll also add that Sound Concepts also charges customers one time fees, but those fees are amortized over the life of the contract. Meaning, if they charged a customer $100K to create and setup an app/site with content, that $100K would be $4K/mo over a two year contract. A lot of the revenue with SaaS companies is pushed off. If it wasn't that $13M would be a bigger number.
Now think about what a company is worth with $13M in revenues and growing, plus cash for development and more acquisitions.
As the subscription numbers continue to grow, so will the monthly revenue.
I'll also add that Sound Concepts also charges customers one time fees, but those fees are amortized over the life of the contract. Meaning, if they charged a customer $100K to create and setup an app/site with content, that $100K would be $4K/mo over a two year contract. A lot of the revenue with SaaS companies is pushed off. If it wasn't that $13M would be a bigger number.
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