This latest contract uses AI which seems cutting edge to me . As...

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2317

08/09/23

10:19

Post #: 69781447
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Originally posted by SteveSage ↑

So to achieve FY2024 revenues of between $36-45m....lets take the midpoint of ~$40m:
- Illuminate should generate ~$7m this year (based on 6.3m for 11mths last yr)
- Access should generate ~$5m this year (after new product launch and certification on distribution channels)
- recurring revenues of ~$2m (up from 1.6m last year)
=> that leaves $26m on detect (vs 20m or more likely 18m last year if we exclude the recurring portion)

$0.8m signed in Aug, and $1m signed on this contract although I would imagine ~20-30% of this would need to be recognised over the 5 yrs support and software upgrades so still some way to go......I still can't understand why this seems cheap when you factor in equipment, installation, support and then software upgrades! There is a common saying that you get what you pay for, and I'm wondering whether they are being seen as not cutting edge for some companies and that may be driven by how cheap they are

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This latest contract uses AI which seems cutting edge to me .
As an aside I have a security camera that sends an alarm off every night when a rat goes up a tree to eat cherry blossom pollen , it would be great if the camera had AI so could identify the rat and not have the alarm go off all the time .

AVA Price at posting: 19.0¢ Sentiment: None Disclosure: Held
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