See this here is where it gets interesting & us 'pumpers' might have some justification in our positivity.
Note in this update the mention of forever old confirmed ongoing clients and their additional / recurring orders from Ferretti, Muner, Volkswagen, Giorgio Armani, Olivetti, Trenitalia, and Mutti.
This is significant. Any suggestion we were no longer dealing with them is confirmed inaccurate. Our offering is genuine & worth keeping backed by some of the biggest players in their unique markets. It shows we can give support & handle expansion as our product integrates deeper within a client's entire system no matter their market.
Also reminds us that its not just hardware sales at likely say 10% margins, but that with the recurring orders like these for s/w & services certainly at considerable higher margins in time, reality of VR1 becoming profitable is legitimate. While for example 10% on $24 million isnt much, but once h/w implemented as service component increases that quickly becomes 20/30/40%? and expenses are exceeded by profit...as it has always been, time is our largest obstacle.
Just the $1m included in this revenue number from the Defense announcement with significantly more potentially to come within 6 months with opportunity of exceeding this entire years revenue guidance.
Also note no mention of Mindesk or Webex so we can expect updates on those soon no doubt. Those are the real recurring revenue earners.
I look forward in the coming months to reminding everyone who for reasons of their own that constantly throwing darts here the opportunity they missed out on at these prices. Game on holders.
But ps, can we please let that gap close at 0.051
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