IKE - Ike GPS.com

[Rawz]

I cant make sense of it then.

So last quarter they had 394 customers and earned $2.5m sub revenue. Or over say 18-24 months that will be $17.5m roughly.. thats with 394 customers.... or $17.5m/394customers = $44k per customer.

But this ONE customer will generate $1.5m over 18-24 months..

1) must be a huge customer
2) must include transaction rev
3) the new subscription model?

[justakiwi]

This is an existing customer who has clearly committed to a significant contract after “testing the waters” and having their needs and expectations met. I am guessing they are major player in the sector, with their fingers in lots of pies. It is good news. Very good news.

I cant make sense of it then.

So last quarter they had 394 customers and earned $2.5m sub revenue. Or over say 18-24 months that will be $17.5m roughly.. thats with 394 customers.... or $17.5m/394customers = $44k per customer.

But this ONE customer will generate $1.5m over 18-24 months..

1) must be a huge customer
2) must include transaction rev
3) the subscription model?

[Rawz]

I think they said the new subscription model would generate less transaction revenue but mean higher quarterly subs. Makes sense as the transaction stuff was lumpy.

I reckon this is what we are seeing

[justakiwi]

Quite possibly, but customers pay a transaction fee for every asset “processed,” in addition to whatever their annual subscription fee is. So 1 million assets has got to be generating a significant amount of transaction revenue over time. It will depend on how frequently every asset is required to be processed/analysed/checked (or whatever you want to call it), and what the regulatory requirements are for safety related audits.

Hopefully IKE will respond to my email, but I haven’t had much success with that in the past unfortunately.

I think they said the new subscription model would generate less transaction revenue but mean higher quarterly subs. Makes sense as the transaction stuff was lumpy.

I reckon this is what we are seeing

[Rawz]

If all customers do $1.5m per 24 months thats annual revenue of $295.5m

[winner69]

If all customers do $1.5m per 24 months thats annual revenue of $295.5m

Something to look forward to …revenues >$300m

[Rawz]

Might be worth watching the quarterly numbers a bit closer now.

[winner69]

H124 revenues to be less than pcp

But importantly not lost …..big catch up coming in H2 (hopefully)

So keep the faith

http://nzx-prod-s7fsd7f98s.s3-websit...097/404055.pdf

[winner69]

Q1 revenue was down 18% on pcp

Still hope Q2 was positive ……but probably not 18% positive

They could have been more specific seeing great deal of interest in numbers …leaves them open to speculation

[forest]

Looking forward, we expect to see continued overall growth, noting that for Q1 and Q2 FY24 transaction revenue was softer on a run rate level due to the traditional engineering practices of one or two utilities where two larger IKE customers are building their fibre networks.

The above sentence part of the Chairs address. What does he mean by this?