This filing looks awfully sweet to me. $3 million dollars will go pretty far to get this company to the next level I believe.
They can pay down remaining debt, finance growth and possibly even BUY BACK shares!
I read where there are questions on costs. I believe each new site costs a minimum of $25,000 to start up with only one machine. The cost goes up as each kiosk is added although once a site is prepped, it is just the cost of the machine.
Looking at the past and trying to guess the future, I believe the company has 20 to 30 more new sites lined up this year!
Extrapolate the costs and you can run into a few million.
To repost what I have done before, take the published reports on the Q1 transactions and we see there was 172,000. Multiply that by 4 and add 20% for growth and now we are at about 850,000 transactions projected for FY 2013.
Now the minimum fee is $4.95 plus up to 7% percent of the dollar amount.
Again extrapolation this information I believe the company will do $4,250,000 PLUS 7% in revenue for FY 2013. I will stick my neck out and say they will bring in over %10 million dollars!
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