Loose calcs:
$245 rev per watch on 23,300 watches = $5,708,500
app sub. on 25000 @ $3.61 p/m = approx. $1,000,000
School messaging rev = $2,200,000
FY19 revenue $8,900,000
- Sales margin will reduce due to more B & M sales and not all app rev will be recognised in FY19
- Based on announced production run sell out.
Looks good!!
IMO
Ann: Trading Update, page-13
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