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INVESTOR UPDATE
December 2021
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2022 Momentum
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• | Scout positioned for scale-up in CY2022 |
• | Cash flow break-even in sight from orders already received |
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• | Expanded executive team with new CEO to drive scale |
• Board-led $200k placement at significant premium to market | |
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• | Convertible notes Maturity extended & $450k raised in new note |
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Scaling in Progress
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US telco Windstream demonstrating value proposition of Scout platform
- Attach Rate has remained at ~15% on newly acquired customers
- Orders being placed at volumes higher than current sales
- Targeted 10%+ of its 1.4 million customers over 18-24 months
By September '21 quarter end, Scout had already received enough shipments and binding purchase orders that, once sold and activated, produce sufficient Recurring Monthly Revenue (RMR) to balance monthly cash burn (~$180k AUD RMR), achieving cashflow break-even.
New partnership agreement signed Dec. '21 with Hyperion Partners LLC, a master agent for T-Mobile and other major carriers in the USA.
Prosegur continues to develop Peru sales and poised for 2nd international launch. Product and platform ready, awaiting Prosegur comfort with market timing amidst COVID.
Scaling Partner Spotlight
US Telco Windstream ramping since launch:
• | Initial orders exceeded US$1m in hardware revenue |
only• | Hardware sales convert to subscriptions |
• | Since Sept-21 launch, Scout has added >AUD$80k of annualised |
recurring revenue through this channel | |
• | Average recurring monthly revenue per customer to Scout |
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Initial sales launch has targeted only new Windstream customers | |
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• | Opening sales effort to broader 1.4m customers |
• | Order volumes exceed current sales levels |
• | Orders are per a program and confirmed monthly |
• | Windstream spoke about the Scout partnership at a recent |
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register.gotowebinar.com/recording/566179638787176198 | |
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Telco Experience v. Guidance | ||||
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AGM Assumptions | Experience | |||
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15% attach rate on new | ||||
Scout-powered Penetration | 10% of total customer base | customers | ||
(now expanding sales effort to | ||||
existing customers) | ||||
Hardware gross margin | 10% | 14% | ||
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Recurring Monthly Revenue | A$4.70 | A$8.00 | ||
(RMR) per customer | ||||
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Scout Security Ltd. published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 23:26:01 UTC.