Company may still be quiet on JV details so don’t expect to much here on the quarterly. Mid year financials though should show some insight in to the JV - I am concerned though they needed to invest more money in to it as by now it should be making hand over fist money. How many devices are actually billing is my question and what are the margins like? 2021 FY report said things will take off in 2022 though and it should be by running the numbers but why do we need to pump more money in to the JV? My fear is JV mid year financials show revenue of $30 million and expenses of $29.5 million. But as more and more revenue is from subscription the gap should be widening. Lets wait and see but I expected some gap even at FY 2022 and there wasn’t really any. All speculation and may be jumping at shadows but as always this is what happens when we aren’t told much. Beam investor update did say 15,000 Aus or our territory units should bring us in $1.5 mill though I think which is more like $2 mill on $45 a month average sub fee.
Back to the quarterly, we should see strong revenue and hopefully again operating cash flow of $1 million? Also May see update on AUSNZ Zoleo subscribers. Europe update? (Possibly Covid impacted). Certus update? Timeline?
BCC Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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