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ID Systems Inc. Message Board

  • mjw59801 mjw59801 Apr 10, 2013 11:51 AM Flag

    Clarification on SOW#2


    I contacted Liolios and the revenue estimates for SOW#2 are approximately $5/car/month. I'm still trying to figure out why the presentation states ~$100mm over 10 years. As dbtunr has pointed out that same presentation has contained a few other errors that have recently been corrected.

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    • 300,000 X $5/month X 12months = $18M/yr = $180M over 10 years

      $100M vs $180M is a HUGE error. again, when the facts change, I will change my mind. But the facts as presented by the company don't add up. Their SEC docs and non-compete expiry dates don't mesh with the actual non-compete expiry

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