FARK! I have to say, this is a pretty significant achievement for us and a testament to the strong strategic partnerships we’ve been developing behind the scenes. The successful launch of SwiftStatement with Capricorn’s member network is a clear indication that we are moving in the right direction with a pretty solid product.
Not only does this partnership bring in significant revenue of potentially $18 million annually with just a 50% adoption rate, it also highlights our capability to provide innovative solutions that solve real business problems for other businesses looking for similar solutions and savings. The recent climb in the share price over the past week now makes sense now with this announcement, as it signals to the market that we are potentially on the verge of something big.
This kind of deal brings us even closer to achieving that crucial milestone of becoming cash flow positive, which is the ultimate goal for any growing company. With continued execution like this, I’m confident we are building a solid foundation for long term success, not just short term sugar hits.
I will put it out there though that I am not anticipating anything magical from the expected 4C. I'd be happy to be proven wrong though. Well done Spenda!
SPX Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
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