T42 Iot Tracking Solutions Share Discussion Threads

[dancing piranha] 13/7/2022 08:46

A nice surprise this morning. The Market seems to be taking the news seriously at least!

[apfindley] 13/7/2022 08:31

Exciting times.But beware of the day trading pumpers getting hold of this with rockets and boooooms whilst it's on the top risers board.Good foundations being built here. Not amazing numbers yet, but they're enough to secure the business over the next 3-4 years, whilst we wait for additional contracts (which will come) .

[givmesunshine] 15/6/2022 07:51

MorningAgree , but the default on banking covenants last year and the need to raise fund to expand and lack of revenue details are keeping me out of this at the moment ... looks to have great potential, but need some numbers to work off

[velvetide] 15/6/2022 07:50

From the 4th Jan US agreement:

n order to maintain exclusivity, OpenBox must meet minimum annual order volumes and whilst these are not guaranteed, if they are met it could result over the period of the Contract in over 280,000 t42 Tracking Lock units (previously known as Lokies) supplied to OpenBox and revenue of approximately US$21m in the first three years and a total of US$76 million over the five years of the Contract, of which approximately US$29 million is expected to be contributed by recurring SaaS revenues.


This would suggest around $175k of revenues if on similar terms.

Not much, but certainly some positive momentum building over recent weeks

[elited10] 01/6/2022 08:28

Agreed a good update. How much cash have they got left...will it see them to b/e

[turbotrader2] 01/6/2022 08:25

Lovely update