Ann: Quarterly Report, page-66

It's $206,827 x 10% fees = $20,682 revenue + a few percent for fast payment if utilised.

Kaddy has $18M GMV that doubled YOY so with Winedepot suppliers/buyers they should triple YOY to $54M GMV run rate.

DW8 appears to be doubling every quarter off a low base during lockdowns. So allow $400k Q2, $800k Q3, $1.6M Q4, Q1 $3.2M x 4 = $12.4M GMV run rate.

$54M + $12.4M = $66.4M GMV run rate target in 12 months. $54M x 6% Kaddy = $3.24M revenue run rate & $12.4M x 11% Winedepot = $1.36M revenue run rate. $4.6M revenue run rate combined. Allowed 6% & 11% fees which include 1% fast payment fees.

If they can double GMV every year thereafter it will be $132.8M after 2 years, $265.6M after 3 years, $531.2M after 4 years & $1B+ GMV target in 5 years.