That press release says nothing about the customer being in the QSR market.
So it would appear my theory is still intake.
Printable View
Another customer and $550k ACMR. :)
Would anyone hazard a guess at what company in South America (in PLX target markets) would have a footprint similar to McDonalds Canada?
Where did McDonalds Canada come from???
Are you reading a different press release?
https://nzx.com/files/attachments/244366.pdf
Well I went through most of the major food brands in South America and didn't come up with much as they are generally around 100-300 in stores. Possible food retailers when narrowed down were:
Bob's located in Brazil with over 1000 stores.
https://en.wikipedia.org/wiki/Bob%27s
Habibs has 475 stores (possible but for that cash figure less likely)
https://en.wikipedia.org/wiki/Habib%27s
Good work!
... theres also Walmart (! OMG) .. 965 total stores across Chile, Brazil and Argentina. Wishful thinking probably, but Walmart has 11,500 stores worldwide in 28 countries with FY 2016 revenue of $482.1 billion - the largest retailer in the world.
Edit: Walmart are already a Microsoft Azure customer.
Wouldn't that be a coup! Back to reality though, we just don't know. Sigh.
More progress, rolling out 19 Compass sites $330k ACMR. That's $1.38m new ACMR in just a few weeks with Compass group, Canada McD's and the unnamed new customer.
Good progress and they are still saying they will get to $10m acmr. They must be something decent in the pipeline which is taking a while to come to fruition and we can look forward to that announcement. Also interesting to note that the monthly burn is down somewhat. So we are now in the fourth quarter. Half year close off coming. Hopefully a brighter few months ahead
Still follow Plexure but still can't convince myself that they really are going to take the world by storm. They don't seem to be that unique and I still cant come to grips how they monetize all these millions of consumer engagement points - or are they only selling the software/apps
However ACMR is gradually creeping up to that magical $10m mark and this IoT driven CRM is obviously the future.
You have to be impressed with some of the numbers they tout on their website from real life case studies (I think) such as -
- generated a 47% increase in average transaction value
- increased number of weekly customers by 10.6%.
- 50% uplift in in-store engagement
- an 8% uplift in impulse purchases
- use of beacons and push messages resulted in AMWMU being up 79.2%
Something must be working.