We're now in the month of March and according to Velpic it is towards the end of this month that the format with integrated features of its platform, combined with NowForce, will be ready to grow its international presence. IMHO the SP is now at the bottom and April onwards things will start to get interesting re recurring revenue growth...
Extract from the VPC December 2017 Sales Growth ASX Announcement -
"Velpic Security (powered by NowForce) is expected to be available at the end of January 2018 and will provide a significant opportunity to drive further revenue growth. The entry level pricing for the security product starts at $25,000 per annum, which is significantly higher than the current average pricing for the Velpic LMS of $7,200 per annum. The increased magnitude of revenue per customer combined with higher profitability per customer will greatly accelerate the Company’s path to profitability. In addition, following the integration of Velpic and NowForce, Velpic will also be sold as a white-labelled product within NowForce internationally by NowForce directly and its global distribution partners. This provides Velpic with a significant low risk opportunity to grow its international presence with the first integrated features expected to be available at the end of March 2018."
GLTAH
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