'Mrebs' pid='82898' datel Wrote:To be honest I think there is a 50/50 chance we will be bought out before the end of 2021 as Hal will probably want to retire when his contract ends with some major $$. If not, I would be very surprised if we don’t see over 500M revs in 2021.
As you can see on top of my spreadsheet $150M of 3 year contracts which started in 2017 are no longer showing revs in 2021. I think with their current track record we will see most if not all of them renew which will add all that backlog/recurring revs back, which are currently slotted at $0 on my spreadsheet. That combined with new contracts and I am sure you can easily see how we can be 500M plus revs for 2021.
A buyout, that would be frustrating!
I'm not quite there yet with that $500M in 2021, that's way higher than what they guided in their iPass acquisition presentation (the number from there is $266M for 2021 revenues), basically double that. Now, based on the backlog, a considerably higher number is certainly possible, but double?
Which is why the one thing I'm most curious about is their forward guidance. If they confirm those numbers from the iPass acquisition presentation, we're off to the races, let alone if they go higher.
The reason I'm not there yet is that several analysts have revenue estimates that are considerably lower than those of the company, at least for this year.