Good customer numbers coming in, 108m customers is nothing to laugh at. The extent they can leverage the data on these customers will decide their future. But didn't they add the last 8m in a month? Huge growth...
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Good customer numbers coming in, 108m customers is nothing to laugh at. The extent they can leverage the data on these customers will decide their future. But didn't they add the last 8m in a month? Huge growth...
Yes, partly. From the annual report:
Plexure’s strong revenue growth of 44%, or $5.136m, came from existing customers, with the majority of
growth coming from McDonald’s with a further 17 countries added in the year ended 31 March 2019. This
was reflected in the growth in pure licensing revenue, which grew by 41%, or $2.834m to $9.702m.
Licensing will continue to grow as we add new markets and new customers
Yes, revenue is based on customer numbers...………… all 5 of them!
silverblizzard888 & blobbles might be getting a little too excited with those figures of 128mil.
Plexure's clients are McDonalds, Ikea, 7-Eleven Australia, White Castle and maybe a few others. They've never actually given an exact number of clients as far as I can tell though happy to be proved wrong.
The 128mil, those are the customers of the above companies, not direct clients of Plx. Or, to put it another way, Plx only has to lose one client to lose millions of users.
$5m for MacDonald's is seriously like 5 cents for you and me out of $10,000 in our bank account.
As I have mentioned before, IBM used to do the same and I personally know of a few companies in NZ providing services to IBM which received funds from IBM as 'investment'.
The new generation of investors gets all hot and excited about it - and the Plus SMS boys know how to play this up.
The difference between PEB and PLX is pretty obvious if you have a quick glance at the respective financials.