Beam - Getting to a valuation, page-127

there are not many stocks if any which are CF+, $20 market cap, trading at close to 1x existing revenue and with massive global growth underway / game changing product / plenty of cash in the bank

this is massively undervalued and as good a risk / reward play as I can find in the micro cap sector. Once ARR is apparent next 12 months especially from Australian sales and govt / enterprise contracts they have dedicated people actively pursuing (as Aus plan revenue they get 85% portion of from roadlost)

they have sold 50,000 in US in around 9 months which should be $2.7m ARR on a fully utilised $30 plan (ie 15% of $18m gross)

Every 10,000 aus sales will give them $3m ARR as they get 85%.

the European launch for later in the year is being very well planned and will target the same model as here an US being maximum coverage in large chains plus online platforms. They plan to target amongst others the obvious candidates like Decathlon which has over 1,600 stores. The model is proven in US and sales track record will make the European entry easier.

I keep reminding myself Garmin make $1bn a year from these devices and Zoleo rates higher / is cheaper / and unlike Garmin has a dedicated mobile number

this is where we are heading in the future (hopefully )