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Yes, that's the only thing I agree with. The next 4c showing no...

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Day424

505 Posts.

469

11/06/20

14:28

Post #: 45162379
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Originally posted by Wolf9: ↑

I wouldn’t say it’s a potential over estimation. Let’s be honest, their targets are unrealistic and way above what other apps experience.

I can almost guarantee that their next 4C will show no cash receipts from app revenue at all. Their excuse will be that funds are still held by Evolt. In this case, they should quantify the sales and total revenue generated to MYQ which will be paid by Evolt in subsequent periods.
If they don’t disclose this clearly in the June 4C, my guess is that revenue was immaterial and they are just trying to defer the bad news by another quarter. Two weeks should be enough to see if there is interest for the app or not.
All IMO.

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Yes, that's the only thing I agree with. The next 4c showing no app revenue. Evolt would likely be paying monthly or quarterly to MYQ anyhow, so pretty much a 100% that there's 0 app revenue from 2 weeks of launch.

MYQ runs very little operating expenses for the scans, it's just a bit of server data costs to store the data from the scans, but other than that it's almost all profit. Incredibly good scalability.

MYQ Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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