They had on average 550 units leased in Q3 and did $149k in revenues. That revenue number also reflects an increase of over 600% since Jan. 2016.
In Q4 they had on average an estimated 1,100 units leased, doubled over Q3 and we'll see those results in the next filing.
This quarter alone they've had on average maybe 2,200 units leased with another 1,000 slated in like 8 weeks.
They're looking at revenues reaching a million a quarter going into Q3.
When they came out of startup they were racking up market territory left and right. They went from like 20 service station contracts and 5 or 6 state approvals in early 2016 to like 150 service station locations, several franchises, exclusive alcohol rehab center contracts in CA, and 11 state approvals with NV still pending.
Plus they're in TX and CA (their home state) which are the 2 most lucrative states in the market. They have like 2 or 3 franchises in TX, a huge one in AZ, and they're all over CA.
Then once they got the funding last October, their focus shifted to getting the units leased and the demand is simply off the charts.
The company hasn't issued any shares since they closed with their lender, they're in motion to rollback the o/s to like 10 million, and they're inches away from cutting a positive eps and have assets start being worth more than liabilities. And this was just the first year of operations!
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