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Re: None

Thursday, 04/18/2024 2:48:30 PM

Thursday, April 18, 2024 2:48:30 PM

Post# of 73037
Like too many things with VDRM, revenue numbers lead to only to more questions to put it politely. The reported numbers for 2023 look like licensing revenue from 10 states/month, with a trickle of online sales. However, 06/24/21 PR stated increase in states to nine (9); 03/02/23 PR stated increase in states to eleven (11); and 10/24/23 PR stated licensing agreement up and running in fourteen (14) states. The below table depicts the projected licensing revenues vs reported total revenues. I have made inquiry to IR about the discrepancy.