(Total Views: 646)
Posted On: 01/15/2020 1:02:39 AM
Post# of 82686
IMO some people haven't understood what was said in the last interview.
The deal being indicated as live in the November 19 press release suggested profitability in 2020 merely by indicating millions of clients. The December 3 CEO interview IMO indicated an estimated timeline to profitability by saying how many clients would come each month in the rollout. I don't know why people missed that. The CEO also said in that December interview that the clock starts in late January or early February for revenues to begin to be received by SFOR for this deal. IMO I think it will be before February 15.
Listen at 3:14. Adding about a couple hundred thousand clients a month ...
https://audioboom.com/posts/7440233-strikefor...major-deal
so
(about) 200k clients added monthly X
$10 minimum annually from (ACS)CSI/SFOR agreement X
15% royalty =
(about) $300k to SFOR monthly while this first merchant provider ramps up during 2020.
from the 2018 10K
$2.4m operations loss for 2018, which is on average, 200k per month
https://www.sec.gov/Archives/edgar/data/12855...or_10k.htm
So in the first month of revenues from this first merchant provider, SFOR may very well be operations cashflow positive! By month 8, they may have also eliminated the worst (but not most) of their debt in addition to being operations cashflow positive.
By the end of the year they may be operations cashflow positive, have paid off the worst of their debt, and may have built a small cash reserve. All just from the first merchant provider stuff.
If other merchant provider deals, or DSS starts sending money, a lot more things will change IMO.
No guarantees.
The deal being indicated as live in the November 19 press release suggested profitability in 2020 merely by indicating millions of clients. The December 3 CEO interview IMO indicated an estimated timeline to profitability by saying how many clients would come each month in the rollout. I don't know why people missed that. The CEO also said in that December interview that the clock starts in late January or early February for revenues to begin to be received by SFOR for this deal. IMO I think it will be before February 15.
Listen at 3:14. Adding about a couple hundred thousand clients a month ...
https://audioboom.com/posts/7440233-strikefor...major-deal
so
(about) 200k clients added monthly X
$10 minimum annually from (ACS)CSI/SFOR agreement X
15% royalty =
(about) $300k to SFOR monthly while this first merchant provider ramps up during 2020.
from the 2018 10K
$2.4m operations loss for 2018, which is on average, 200k per month
https://www.sec.gov/Archives/edgar/data/12855...or_10k.htm
So in the first month of revenues from this first merchant provider, SFOR may very well be operations cashflow positive! By month 8, they may have also eliminated the worst (but not most) of their debt in addition to being operations cashflow positive.
By the end of the year they may be operations cashflow positive, have paid off the worst of their debt, and may have built a small cash reserve. All just from the first merchant provider stuff.
If other merchant provider deals, or DSS starts sending money, a lot more things will change IMO.
No guarantees.
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