Looks like we are growing again in 1Q20... Amazing considering growth of 100% qoq in Q3 and 17% qoq in Q4
BULL CASE: If you add 2k to the 7k they did in Q4 they could potentially be doing 9k units a quarter vs 3k units last year. That's triple the rate a tear ago.
For just this contract alone... 2000 units at $500 GP/unit is ~ $1m EBITDA. Not sure if rideshare is lower value? Does anyone have a sense of margins/cost per unit?
Overall at 9k units per quarter, we are talking $80m revenue/ $18m GP - on last years fixed costs that's $14m of EBITDA... ie 5x EBITDA multiple or <1x Revenue multiple.
Also, a big endorsement that such a large customer is coming back for more.
Looks like we are growing again in 1Q20... Amazing considering...
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