This is a very interesting company. Have you been able to coraberate the companies TAM calculation? $180mm-$220mm for PLCC, ~$21mm / credit card issuer and $500k/ retialer sounds compelling but it would be nice to be able to back into how they get there, rather than just hoping Bryan is telling the truth. Also, have you been able to track historical KPI's? Seems like most people don't even know their current retialer customer count. I had trouble getting this, but If I had that I would have a better sense of where they are interms of retialer/credit card issuer penetration, and Rev/Retailer penetration.
It's difficult to frame exact numbers, but at the low revenue run rate and sheer amount of fraud ( in the billions), I would expect IDN to be able to capture enough of that to make the TAM significant, considering the high incremental margins
This is a very interesting company. Have you been able to coraberate the companies TAM calculation? $180mm-$220mm for PLCC, ~$21mm / credit card issuer and $500k/ retialer sounds compelling but it would be nice to be able to back into how they get there, rather than just hoping Bryan is telling the truth. Also, have you been able to track historical KPI's? Seems like most people don't even know their current retialer customer count. I had trouble getting this, but If I had that I would have a better sense of where they are interms of retialer/credit card issuer penetration, and Rev/Retailer penetration.
They talk about the TAMs in the tribe public video which is the first link in the sources section, In addition, this thread on twitter frames the TAM well: https://twitter.com/NimbleOpinions/status/1387091631569051650.
It's difficult to frame exact numbers, but at the low revenue run rate and sheer amount of fraud ( in the billions), I would expect IDN to be able to capture enough of that to make the TAM significant, considering the high incremental margins
What do the 2 lines mean in the EV/Gross Profit versus Revenue CAGR mean?
They're just regression lines.
Wow, am I impressed.