@TransversalThank you for sharing your analysis and insights on...

@Transversal

Thank you for sharing your analysis and insights on the forum - greatly appreciated. I'm trying to get a sense of how you calculated that the incremental revenue required to break even is $4M (i.e. $1M per quarter).

From your earlier post:
even increasing revenues by just 1mUS$ per quarter (which doesn’t really look like a high bar to me), OneMarket will break even and start turning profits well before running out of cash? How much do you think the Company will be worth then?

As of the most recent update, where runway was extended to end of 2021, I approximated the burn at $4M per month or ~$50M annually. In the September update they disclosed recurring rev of ~$4.6M for the 9 month period which grew $3.9M over the pcp. If this is from one particular product, management should be discussing and highlighting this in their disclosures. Cash flow next to useless in evaluating ramp given enterprises sass contracts are generally paid annually (however I know nothing about the structure of their contracts).

I'm crudely ignoring one off implementation revenue here, but my primary focus is understand what the recurring revenue base looks like and the product mix that's driving it.