The $22 mil would definitely be spread over the 3 year contracts mentioned. However I don't think it would be an even split over the 3 years. Some would be 1 year contracts, some would be 2 year ones and there would be 3 year ones as well. My guess would be that $19-20 mil of it would be ohm with the remaining being main platform. Of the $19/20 mil 9 might be fy18, 6 might be fy19 and 4 being fy20. That's not to say be the end of fy18 we don't get $22 mil in revenue as we have 11 months to sign more contracts. Just that the $22 mil currently won't be all fy18.
Overall this is an amazing report from the company. It exceeded my expectations by a mile for all the long term stuff. Only missed for me on the revenue for the quarter announced which is nothing in the grand future of this company. I was looking for $500-600,000 mark based on past communications but again only a very small miss.
Any predictions on what Monday's trading will do now?
BUD Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
