Now with this new fugitive application play with the numbers, lets SAY NEW York City Negotiates a contract for just 9.99 per month, which is less than the average Netflix monthly contract, and signs up 30,000 cops, what will that do for IDN ? 400,000 a month revs from one police department, and then it runs from there....
out of over 1.5 million people in direct law eforcement with local state and federal people, lets say that IDN just get 20% or 300,000 users to sign up and it takes 3 years, and lets say the average graded monthly bill is for 14.95, thats 4.485 million per month or 53 million per year on one app, with close to 30 million in profits or over 1.07 per share net. in 2017, what should the stock sell for now? is it worth 80 cents, 1.80 how about 2 bucks, 3 4, 5 today? HELL Yes... its worth more than 80 cents, someone has been manipulating this sotck for months to quietly accumulate it period, all this talk about the Fugitive product was on the conference call in march, the company said theyd have it out, and now they have delievered!,
Now lets take this numbers and rachet them up, lets say it takes 3 years to get 300,000 subscribers who pay 1995 per month on avg., thats 6mill a month revs, or 72 mill a year and over 50 million net profits, or over 1.66 per share in earnings on 30 million fully diluted outstanding. continued to look at the numbers, IF Tesla can sell at half the market cap of GM with just 3 % of GMs sales and all this online intgernet companies can sell at maket caps in the billion dollar ranges why can a 28 million dollar maket cap company have serious upside. Im not comparing IDN to anybody, but the point is that many people shareholders included have under estimated the potential of IDN, Potential is huge, the company growing-- 100 million market cap soon, that means the stock can be over 4 with sales just starting to show some gains. Things are happening right now, the upside is huge the downside minimal. see for yourself.
Sentiment: Strong Buy
This info was disclosed on the call, someone is following ans sees the company's progress, didnt they say ont he call they got soemthing like 15000 customers from bar zap, at 10 bucks a month thats increasing cash flow, now if we add a few major police departments and local county cops this reallyu adds up, I checked witha few friends at police stations, every time they pull someone over they run the plate and the DL, it costs 10-30- per incident, and one BERGEN COUNTY NJ police department i know about is looking at new software to do it all, cant imagine who? but as this gets out there, we have increasing sales in front of us. seems a 30 million market cap is nothing if going after cloud based applications that could generate billions in sales long term., at 90 cents its an interesting speculation to see if they can pull off any growth.
Nelson hjas been turning thios company into stricktly a web based Mobil application company, and no one knows about it --- YET
Sentiment: Strong Buy
really stuipid comparision by a bozo short who looks at Warren Buffet almost 50 years later,
Sentiment: Strong Buy
to brag about it..they should hang their heads in shame, the clown on the corner selling balloons is making more money than they clowns.
I'm sure we all want more out of this company - They were under an extended quiet period in conjunction with the secondary and pre earnings. This current FF press release could open a door going forward. Just do the math and assume they get appox 1% of the market (10,000) initially? That equates to about $490k per month with a profit margin you could only estimate to exceed 70%. Anything could happen but this is one big step that only requires less thn 1% market penetration. Do your own DD and research. The next couple quarters will define the potential of this company. Just one opinion!
Where did they say they did not affect Q1? I don't remember reading that--did they say that? I did not see where they broke down the burn. But if bookings keep going up, or they do their job and sell, they would probably negate that expense anyway.
They hired new directors of sales and marketing at the end of 2013 which would have affected this q---and I still don't find where there is no impact on tripling the sales force this quarter. I still say cash will last at least a year, and given their traditional burn rate, it should last much longer. From last q's call: "During the 12 months ending December 31, 2013 the Company’s net cash of 1,461,000 compared to generating 292,000 for the same period last year. Cash used from operating activities was 1,451,000 compared to cash generated in 2012 of 346,000. We used cash of 81,000 in investing activities in 2013 compared to 184,000 in 2012 and cash provided by financing activities was 71,000 in 2013 compared to 130,000 in 2012."
yeah, anybody that does not see the potential is a complete idiot..this will be two buck before the summer ends..in fact it is an excellent buyout candidate.
look at that cash burn.... over $1 mil (1/3) of the 1st round of dilutions receipts.... at this rate they have less than 6 months cash when you include the 2nd round of dilution... Cash burn exceeded loss per share by about 12%.... great management.... put your faith in these fellows
That's just the exclamation point on what was a horrific Q
Ludlow is promising the moon while running the company into the ground.... look at what his most recent 6Qs of leadership has wrought
and can one of you shills tell me how this new app has value when taxpayers of every jurisdiction already pay... have to pay... for the very databases that IDN accesses?
Count Ludlow's plan is to assume that taxpayers are so dumb they will pay twice for the same information.... not to mention the liability IF IDNs app were to return some false info
Yes, they burned over a million in cash. Dec 31st, they had about 200k in cash. The offering in .40's got them about 4m in cash for about 4.2m total. EOQ they had about 2.6m in cash, so they burned about 1.4m. This was a big burn for them--they usually only burn a few hundredk every quarter. I would not expect this big burn to continue since bookings were up, etc. On the plus side, this 2.6m cash figure EOQ did not include the offering at .80, so add that 2m in and they have about 4.6m in cash left. Last year they only burned 1.4m for the whole year. The year before they were positive a few hundred k in cash. So they have well over 6 months in cash left. Going by last year's burn, they have 4 years in cash left. Going by this q's burn, they have about a year. But I don't expect this q's burn to continue the whole year, and if you can believe them (or the bookings figure), neither do they. I'm doing these figures from memory after reading earnings and the offerings--approximate--but they have a lot more than 2q's in cash left
I'm just as surprised as you that we didn't hear every establishment at every location in every city everywhere is using bar zap. Seriously, how long does it take for something like this to take off?