In my calculations for Q3 and Q4, please note that i have left out COGS blank as this is the unknown that we have for other revenue from the business but we know clearly that with GPTV upgrades, the Merchant Service Fee(MSF) shown on the charts are GROSS PROFITS which has already taken into account COGS.
Based on my last post, Q3 MSF is expected to be around $5,822,900 or 117% growth over Q2.
This MSF difference of $3,142,900 could be added directly into gross profits as this is the growth of MSF due to ONLY ISXPAY CARD ACQUIRING side of the business. Please note that the cash receipts will not be accurate as MSF is gross profit so it should be higher prior to COGS. This would result us in a gross profit of $6,853,900 for Q3.
For other expenses, i have set it as 15% increase Q on Q due to increase of staff as we can see from the job vacancy listings and potentially some for advertising and event setup cost ie Malta Gaming, Cyprus Gaming Show or IFX Expo that ISX is actively participating in. I think 15% is a fair increment as it projects about $500k each quarter.
This would result us in an EBIDTA of $3,432,650 without including other revenue growth or incentives/tax reliefs/interest for Q3.
