Infrax Systems Inc (IFXY)

[1971]

From Sam:

from Sam Talari [e-mail]
date Mon, Jul 11, 2011 at 3:07 PM
subject FW: SSN Revenue look---proves our model

Please pass the attached and the following to the Spartans.

SilverSpring, our main competitor, is going public hence creating validity and legitimacy not only to our industry but also to our own business model. Their expected market cap is to be in Billions. Please see their revenue below (especially its massive jump from one year to the next) and how it will mirror our revenue model in this growing and massive industry;

For the years ended December 31, 2008, 2009 and 2010 our total revenue was $58,000, $3.3 million and $70.2 million, respectively. In the same periods, we generated billings of $17.5 million, $195.6 million and $261.4 million, respectively. For the three months ended March 31, 2010 and 2011, our revenue increased from $14.2 million to $46.7 million and our billings increased from $51.1 million to $67.5 million. As of March 31, 2011, we had $422.2 million in deferred revenue.

Thanks
Sam