iir research report - initiation of coverage, page-3

This is awesome, thanks for this First!

Biggest points that seemed to come up was the need to increase margins on deals and internal financial support to help them secure larger deals as the outlay per ATM costs them $15-20k upfront and is currently taking 6-12 months for break even, meaning if we did land that 500 ATM deal we all want, TSN need $7.5 mil to $10 mil in the bank before rolling them out..

can anyone confirm my bushmans accounting understanding?

My understanding was that the investment from CX would enable them to circumnavigate this issue as they would have the capital required to land these larger contracts