Security is a massive industry and this being a tech based company offering much easier to set up options is drawing my attention to invest here, mainly because:
Scout is a recurring revenue business. Scout offers a cellular backup subscription plan for US$9.99 per month and a 24/7 police dispatch subscription for US$19.99 per month. These plans can also be purchased on an annual basis at a discount.
Scout’s average hardware order is US$420. Each order is specifically catered to the end user’s security needs because each buyer is walked through Scout’s online system builder. The Scout hub retails for US$129. The Scout Door Panel retails for US$69. The Scout Motion Sensor and Access Sensor retail for US$49 and US$29, respectively. This core hardware is what Scout believes gives consumers a best-in-class home security experience.
The Company currently holds three design patents (USD728395, USD744883 and USD744884) in the United States
In the financial year ended 2016, Scout’s revenue grew 267% from the previous financial year (from US$691,976 in 2015 to US$1,853,956 in 2016
Shares to be issued under the Public Offer 25,000,000
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