BIG US revenue discussion, page-2

I've copied this over from the other thread, since it's relevant to your question..

Considering they said 800 signed agreements for Q1 & expected 1400 signed agreements for Q2 (both with an expected 50% conversion rate), that gives a total of 1100 customers at Q2 end..

If we now extrapolate (assuming flat revenue model - as opposed to upfront, and ARPU of AUD$5900 per customer as forecasted), we get appox 1500 customers at Q2 end.. So either they are doing better than 50% conversion, or APRU is higher..

Mind you, my maths is pretty basic & doesn't account for ramping up of customer numbers over the quarter, so could actually prove conservative on the US customer numbers Q2 end..