03-13-2019, 08:51 AM
'Mrebs' pid='82976' datel Wrote:Also two notes that they said during the CC.-Their backlog tracker currently has them at 150M backlog to revs for 2019 if they continue 100% conversion rate. They went with 80% conversion rate for forward guidance numbers which is why we are only seeing 105-115M.
-They also stated that with IPAS combined their back log is now over 800M!
Yes, I just also noticed the first, thanks, that makes quite a bit of difference. So far they have been able to produce 100% conversion, so there is significant upside to that $105M-$115M guidance. iPass backlog, hmm.