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12:42
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Originally posted by Thanky
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The 4C states that the total addressable market with the Perth LGA deal is 1.4 million for Pointerras tech contribution.
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https://www.asx.com.au/asxpdf/20180430/pdf/43tljz8z4fh927.pdf
TES intends to capture the Perth LGA twice annually and extend its LGA strategy to all Australian capital cities and major regional centres. Pointerra's share of the Perth LGA addressable market alone is estimated to be circa $1.4 million per annum in recurring subscription revenue. If TES is able to successfully extend its LGA capture strategy across Australia, this commercial relationship is expected to become a significant source of revenue for the Company.
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I think this is pretty clearly stating that $1.4 million is expected annual revenue for Pointerra, not total market size (and don't forget that no-one else is in the market - Pointerra's cloud-based system is currently unique).
Last edited by
dyeman :
21/05/18
