Points 1 & 3 are givens. Limepay’s business will not just disappear. SwiftStatement is the only unknown here. Is the $1.4m license fee an up front payment? If so, we blow through the fabled $5m quarter. If it’s not, as per the announcement, it’s minimum revenue of $1m for the quarter. Even if you only allow for $500k from Swift, we’re at $3.7m with no growth on existing business and no new business.
That’s still cf+ considering your costs figure.
SPX Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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