fingers crossed mate. I feel 1,000 merchants to the end of July may be a little bullish though…
I actually wouldn’t be surprised if there’s a bit of a sell off come the qtrly. Not because the qtrly is bad, but because the average punters expectations might be too high.
Personally I’d be very happy with 400 merchants, 1,000 customers and a trickling of revenue. Yes these numbers don’t set the world on fire, but to reach even these numbers in just 6 weeks is at a pace that is much quicker than what it took some of our peers to reach such numbers.
And let’s not forget: the uptake of product and adoption enters a phase of exponential growth, however it takes a little bit of time to get to this point. What I mean, for example, is that the 10,001 - 20,000 customers uptake could be a lot quicker then the 0 - 10,000 customer uptake. 20,001 - 30,000 customers could be quicker again etc. The second lot of $20mil revenue could be a lot quicker then the first lot of $20mil revenue etc etc.
At some point IOU will enter this exciting phase, but it’s going to take a lot longer than 6 weeks of being in the market to get there.
So my advice to everyone would be to temper your expectations for the upcoming qtrly, otherwise you will be left disappointed.
It would be stupid for management not to, but there’s no guarantee that there will be a “subsequent events” part in the qtrly, and therefore we would only be told about the launch and maybe two weeks worth of numbers. Only a few days to find out I guess.
IMO
GLTAH
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