You are correct in saying cash burn is an issue moving forward if they dont sign deals. They did reduce cash burn recently. I dont believe it is that high its more around 400 to 500K a month now. Reduced it by 2 million annually
long lead times to sign deals however when they do sign these deals they are not going to be 1 year deals, they are 3 to 5 year deals recurring revenue. So that will put a baseline to the marketcap as they scale. Dealing with tier 1 banks
They are about to annouce a new deal next week. The more deals they sign risk is reduced and market will derisk any previous issues. Also once they sign more than just a foundation bank this will show confidence this is scalable across the sector. I see a 10x opportunity in the coming 2 years as a minimum and $1 price in the coming 12 months on 5 plus deals. The space they are in every bank in the world needs to move to new data standard iso20022 they have a overlay product for that. They also have up to 10 modules to upsell on each licence this includes FX , regulatory reporting, iso20022 list goes on. Each module is worth 300k more in recurring revenue per bank. HSBC 2 approved live in HSBC india and HSBC australia. HSBC India are live HSBC Australia signed in implementation phase.I am very optimistic these guys can keep growing. Cheap buying still if you believe in the problems they are solving. Next week imo 25 plus as a minimum on resumption of trade.
Very excited shareholder for the next 12 months.
DYOR.
ID8 Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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