Ann: Appendix 4C - quarterly, page-53

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retiredyoung

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01/02/18

12:39

Post #: 30735793
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Originally posted by notlistening14 ↑

@goldbear77 $428k of revenue equates to about ~160 Ohms IMO, excluding those in the two month trial period (or the whole of November/December). You can extrapolate this and say that you got your 100-200 (~160) installs by the start of November, and any further installs (from November onwards) have not been reflected in the Quarterly revenue figure.

My understanding is last quarter’s revenue of $407k was probably ~75% buddy cloud and ~25% Ohm, whereas this quarter it’s virtually, if not actually, 100% Ohm revenue. It would have been useful for this to be made more clear in the October Quarterly. Therefore it appears there was actually a 100-300% increase in Ohm revenue since the previous quarter.

I’m not sure why anyone is bearish after this announcement. Completely in line with expectations in terms of revenue, but excellent that we now have $70m of forecasted revenue just from the Caribbean, Canada and the UK! When that figure includes Aus, the US and the global deal, it’ll be significantly larger!!

IF we assume BUD only achieves the minimum forecasted revenue of $70m [over 3 years], we still get a valuation of ~31cps using a PE of 30. So we are cheap at these levels IMO. And that’s notwithstanding:
(1) additional revenue accrues from Ohm sales in Aus, US, the rest of the world, (of course)
(2) this is a minimum forecasted sales figure, likely to be surpassed (IMO)
(3) Alternative Data sales!

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Hi notlistening14

December revenue was definitely not 100% Ohm revenue. As per the quarterly announcement:

The Buddy Cloud business still contributes a meaningful percentage of revenue.

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Last edited by retiredyoung: 01/02/18

BUD Price at posting: 21.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Ann: Appendix 4C - quarterly, page-53

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