Wave Systems Corp. (fka WAVXQ)

[awk]

Orda: Revenue model possibilities…

Below a few simple, rudimentary assumptions…I am not predicting …just use your own figures…but kind of gives you a feel how this will scale…



2007

100'000'000 TPMs deployed (per IDG)

Revenue per upgrade: $50.00 (Per Wave)

Upgrade rate: 5% = 5'000'000 upgrades => $ 250'000'000.00 / year
Upgrade rate: 10% = 10'000'000 upgrades => $ 500'000'000.00 / year
Upgrade rate: 15% = 15'000'000 upgrades => $ 750'000'000.00 / year

Shares out (after 1:2 reverse split) : 54'000'000 shares
Burn rate $50'000'000.00 / year

EPS (5%) = $3.70 @ P/E 50 => $185.00 / share
EPS (10%) = $8.33 @ P/E 50 => $ 416.50 / share
EPS (15%) = $12.96 @ P/E 50 => $ 648.00 / share