Updated TAM of $2.3 billion. Recurring revenue of $40.6m with $58m all up. Greater than 97% customer retention. Significant cost savings found through integration of $8m in annual costs and $3m in savings. A clear focus on cashflow break even by the first half of next year while pursuing a growth agenda.
I'm also seeing a pivot in their marketing approach and a capitalisation on COVID-19.
Vision - "We harness the power of environmental intelligence so industries grow and communities thrive".
"Environmental intelligence harnesses the power of big data, artificial intelligence and analytics to produce real time visualisations, predictive modelling and actionable insights..."
"Asset owners are digitalising at a faster rate than ever in order to optimise their operations, maximum output and reduce risk"
EVS is on track to become a serious global leader in one of the most exciting spaces of this decade.
EVS Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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