Friday, February 05, 2021 7:11:18 AM
With 37% more connected in Q4 over Q3, that should add to initialization revenue in Q4 but the real key is accelerating the AC over time recurring.
With kanepi added in, AC over time recurring should be between $5m and $5.5m at the end of Q4. The faster pace of connections in Q4 should make Q1 AC over time recurring jump by much more than the $900k it increased in Q3.
So, we are looking at AC over time recurring of $6.5m to $7m at the end of Q1.
Simply adding another $1m recurring in Q2, another in Q3, and another in Q4 puts us at $10m AC over time recurring exiting 2021. That would be a slower pace of additions than we just saw in Q4.
That's $40m in ARR exiting 2021.
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