Hi macro,
I found this particular interview late last year particularly informative.
While its not an ASX announcement, at approx 9m30s in, GO does give publicly available guidance of expected year on year doubling of revenue.
This past couple of months from weve seen massive progress by way of new staff hires particularly in healthcare & programmers (inc another job listed today). Weve seen increased advertising & promotion both by the co itself & now our partners such as Cisco, Varjo & Mercedes doing it for us. Weve seen confirmation of progression of previously announced partnerships such as the WebEx deal coming to fruition, a sneaky mention of a new NTT Data partnership (amongst the fine print in todays qtrly) & (whatever the hell) the Elite Blockchain arrangement is with Toshiba Tec & Wel.
Thats why I find it really disheartening to see constant negativity on the threads particularly when there is so much going on.
We still had $15m in the bank at the end of June. While yes even right this moment that is currently getting eaten into as our offices, staff, advertising and inventory increase to better meet demand, keep in mind the income to this point includes hardly (if any) income from WebEx as this only went live last week. Give some thought to how quickly it could add up based on a $480 per seat annual license (for small clients less than 16 seats, obviously far less for larger enterprise target market), but the feedback from Cisco & trial clients Lamborghini & other international clients it wont take long for small numbers to add up to considerable income particularly with the enthusiasm Cisco is promoting 3DFrame.
If management prediction from that interview holds true, then come June 2023, revenue will be $40M, June 2024 $80M, then by June 2025 $160M. Its the recurring, subscription model that will get us there and with it bring profitability & scalability.
Funny thing is that on the chance they do achieve such significant targets, the haters on here will still be saying 'well yeah but you told us you would so now what'?
Difference is the team at VR1 no longer just comprises GS, GB, GO, but also has significant additional expertise & credibility now since the acquired businesses respected leaders PC & JM from the acquisitions & Dr C & Dr H & VT trusted advisors.
All of which see a bigger picture than going it alone and intend assist grow Vection Tech into a household name.
Just imagine for a moment that in five or ten years from now it has become the norm that rather than meeting in a boardroom watching a powerpoint presentation, instead you are in the comfort of your study at home attending a virtual meeting with your colleagues with your own avatar & spatial audio. In that meeting you are not restricted to just watching but can participate by way of discussion, investigation by way of explosion of a model, change colours, shapes, design etc. Sounds cool hey... very futuristic. Well guess what... You dont need wait 5 years. Its hear now thanks to Vection & Cisco.
With seemingly never ending new strains of Covid amongst other new diseases almost weekly, its becoming more common for employers to push for work from home or the need for flexible work arrangements which will only work in our favour.
Seems the market needs regular reminders of the possibilities Vection has for success. Lets not forget about the automotive or the healthcare or the real estate or defense etc. So much to be excited about here. Couldnt help myself add a few today at 0.093. Best of luck all.
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