I have run some numbers following on from Moosie regarding revenue.

5,000 x 20 x 12 = 1.2 m estimated expected revenue for 2014. Although MCR would be a better measure for SaaS.

This figure should be adjusted up or down depending on current subs and ARPC.

Good features are the very low churn rate and increasing sub pickup.

I will be using the same Xero valuation metrics for GEO.