DD, I believe in the latest company presentation, it states that they are spending $50k/month which equals $6m/year now due to company expansion. At $4/bed/month, they would need at least 150,000 beds to break even. They have already achieved $1m before government deal. So plus government deal of $5m, they should breakeven after complete rollout which is expected around Sept 2020. In addition, by then, UK and NZ business should have grown further plus potentially EU market coming on. All in all, I expect profitable after 2020.
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