Recurring revenue.........3 Aug 2021 12:24
"Anticipating the build-up of an order backlog from Q2 2022, new units with integrated hardware and software design are expected to enter mass manufacture with production of up to 200 units/month; this implies prudent production of just c.9000 units over the next five years, although the Board considers this could rise substantially subject to demand from other jurisdictions. Operating on such a scale, TPI sees potential to lift gross margins to around 70% based on contractual 5-to-8-year monitoring agreement, with installations likely to be billed on a lease plus maintenance agreement plus set charge per test. An estimated £10,000 annual service charge for the unit is also seen providing a similar return. "
Is that £10k pa x 9000...........? :()
All the best (More I fink...........and that's just PD.......... :()