Hmm. Interesting company but appears to be far off critical...

Hmm. Interesting company but appears to be far off critical mass. Some back of the envelope figures: It looks like the software averages 10k / year per site in fees - based on the prison and power company accouncement fees. Currently 36 live sites with 18 in deployment is 54 - means 540k in recurring rev.

I also realise some sites may pay more but have been conservative in estimates.

cash burn is around 4mil a year.

They willl need around 400 sites to be sustainably cashflow positive? ( i realise there will likely be some implementation rev but this is more one off)

A cap raise will definitely be needed.

i will be watching until that growth rate picks up.