My thoughts. Target for Milestone 1 is $15m
Revenue
Quarter March 2017 $568K
Quarter June 2017 $846K
Balance to achieve by end 2017 $13,586,000
CIO has existing customers and 70 new generating customers + 20 customers on trials
Assuming existing customers bring in 300K per quarter for the next 2 quarters, that will leave a balance of $12,986,000 to be achieved for Milestone 1.
Divide $12,986,000 amongst the 70 new generating customers, that will bring the amount to be earned from each of the 70 new generating customers as $185,514.
Thus far, 3 were announced after the Quarterly
Burger King
AirShip
MachNetworks
Well, can the Milestone 1 target be met by the end of the year?
Ann: Quarterly Report and Appendix 4C, page-25
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