You really need to look at the Zoleo forecast on this forum. It is basically the best product globally in the space and by June 2022 we should have 100,000 devices in use and the JV bringing in $50 million in high margin (estimate 50%) recurring revenue. If we only get 20% of that it’s still $5 million to the bottom line as NPBT which adds $35 million market cap on a PER of 10. That’s all conservative also and growth is ongoing in Aus/NZ and soon to be Europe which will up our take.
BCC Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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