RE: When will we see a profit5 Jul 2018 14:21
Optimist
Absolute accounting profits isnt something we will have to wait for - as early investors.
At least for me, all matters is the reach. From fully subscribed to losely attached regular customers.
That number will put the valuation higher, more share buys and subsequent SP rise.
As for the reach, at the moment MELODYVR.com is being actively getting traffic from countries where its not even meant to land nevermind being in Pipeline.
These include India, Thailand, Russia, Phillipines, Australia, Brazil.
As for Western economies MelodyVR.com is getting huge traffic.
This was the case in May before last RNS, and RNS confirmed.
So many new people coming dont leave without a purchase.
We will never have decent data from China, only EVRH can disclose it, we wont have data from Oculus Store purchases. Apple iOS data isnt added either. Once all added - its going to much much much higher. Also to add Mobile traffic.
I will have June report by 11th. That will capture true uptrend.
For now melodyvr.com is getting over 150 unique hits a day just from UK.
As for actual accounting profits, should this company still remains independent by then, that will be couple of years as the global expansion continues.
Biggest possible thing is being technology dependent - labour and other expenses will be very very low.
Will I wait for 2 years ? I doubt. Once peaked growth will be at a generic pace.
Biggest positive unknown = EVRH will have more babies MelodyVR is just the first child.