Prime, I simply laid out the math if we continue at adding $1m annual recurring rev per qtr.
That gets us to $50m in annual recurring rev (= 12.5m per qtr) in one year from today.
That looks like a good bet if we can just maintain the pace from Q3 and Q4 for the next twelve months. Should not be asking too much.
I am not counting the asset initialization or technical services revenue at all here.
Now, the leap from $50m to $200m is less obvious today.
The best case scenario would be connection rate doubles and we start adding $2m per qtr ($8m annual each qtr).
If that happens, we get to $200m in 19 qtrs starting from May 2022. That's just under 5 years so mid-2027.
The worst case... Seems less likely now that Alberta is involved.
The other factor we cannot forecast is acquisitions, which would accelerate the path to $200m and add to the share count.
Market Data 
Markets 
AI
