Sunday, May 05, 2013 10:22:33 PM
CARN is coming into the deal where GolfLogix already has 2 million members. CARN has to be around while GolfLogix gathers 2 million more paying members. However, even 2 million paying members = $40 million in rev for GolfLogix, not CARN. Assuming they're all paying for it, CARN takes $1 + a % but I'm guessing GolfLogix got a deal. It's probably closer to $2 million in revenue for every 2 million customers who subscribe with GolfLogix. Then you need to take into account that credit card processors take a % from CARN, too.
Despite all that, I do think CARN has great potential because they provide multiple mobile platforms to generate more revenue for other companies where there was no revenue before (or lower margins), and CARN should be a high margin business.
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