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Posted On: 02/08/2021 11:33:57 AM
Post# of 40992
Regarding the NECA/Onci JV, the following are the annual sales of NECA during the years ending Aug.31.
2018 : $9471
2019: $6566
2020: $1760 (w/a bad debt expense of $5000 affecting a previous year).
So at BEST with a 50/50 revenue split AND assuming ALL of NECA's revenue came from the JV (which it probably didn't), the MAX revenue Onci could have booked in three year period was $8898 total.
That's a far cry from what was claimed in the PR.
2018 : $9471
2019: $6566
2020: $1760 (w/a bad debt expense of $5000 affecting a previous year).
So at BEST with a 50/50 revenue split AND assuming ALL of NECA's revenue came from the JV (which it probably didn't), the MAX revenue Onci could have booked in three year period was $8898 total.
That's a far cry from what was claimed in the PR.
Quote:
The Revenue Sharing agreement is effective as of September 13, 2017 and shall remain in effect until December 31, 2018. Thereafter, the agreement shall automatically renew in Five-Year (5) increments. NECA shall share with ONCI Fifty-percent (50%) of all revenues derived and received from the sale of the BTD app through ONCI's relationships and agreements
Quote:
On 4 will receive 50% of the leads it generates or $12.50 per lead. Based on our current ad platform statistics we can deliver over 1,000 leads per week generating $12,500 per week for a total of $600,000 a year to start."
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