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2019 - £1m
2020 - £4m
2021 - £9m
2022 - expecting around £20m (based on TP broker note. Nothing confirmed by company)
Q1 2021 - £1.29m (14% of eventual annual revenue)
Q1 2022 - £2.38m (assuming a similar proportion of annual turnover then 2022 could be at least £17m). GB says in course for another year of triple digit growth which would see turnover above £18m
The growth in turnover is phenonemal, and this does not yet include any big contracts wins for MW and with STC still very much in its infancy
Existing operations alone should see further increases in revenue, with GB stating that there are a lot of repeat customers, but if MW or STC start to pull in the big bucks then we could see unthinkable levels of turnover.
The SP is ridiculously low for what we have when considering the potential. It was 30p+ last summer. External market factors are to blame, imo, and the SP is not a fair reflection of the progress made by GB and the team since they came in.
I continue to hold and am optimistic of what the future has in store
No doubt some will mention that the £1.09m increase in sales is essentially the income secured during 2021 that they couldn't get across the line in time for the year end.
It should be noted that deferred income will remain a component of the accounts at any one moment in time. We don't know what deferred income is as at 31 March 2022, so the fact we have booked £2.38m in q1 2022 is a positive step forward. For all we know, deferred income as at 31 March 2022 is another £1m or so. Solid first quarter for me
With current shares in issue Mozax i would tend to agree with you. The risk to current shareholders is any raise between now and said catalyst. JR has dismissed any iminent raise, but any such raise would only command 10-11p per share at the moment, resulting in major dilution.
We need strong financials/news to get us back into the 20's and beyond. I have an average of around IPO price, and therefore MODE has been a pretty poor investment so far. I am hopeful as the potential is huge. I just hope they start to realise the potential before they need to ask for money. The MCAP could double and the SP remain the same. It would mean nothing to us existing shareholders
JR mentioned during his sunday roast interview that the backers or MODE (various families etc) have very deep pockets and therefore funding will never be an issue for as long as these investors believe in what MODE offer. That is very reassuring. It means that the SP isnt overly relevant to these investors day to day provided the long term targets and milestones are met. The latter is certainly the case, and at present MODE does not need additional funding
The current SP effects PI's who invest for a quick return and who may well consider selling at these levels.
I am a PI who invested at much higher levels, but still a low mcap for what we have. I am relatively relaxed as i dont need the money now. If there is a future raise at 10p a share then i will need to consider participating at that time if the option is available. But i still believe MODE is a 100's millions mcap company in the making. I also think we will be taken out along the way.
So when i see an SP of 13p i am not too concerned as the MCAP is only £12m or so.
If, in a year or two, the SP is 13p but the MCAP is £200m then something has gone wrong...
I am content to wait. I am under water but not over exposed. I believe the SP will turn around as the months pass :-)
I completely agree that the water monitoring offers loads of benefits, not just covid, and the BT will be able to detect an array of conditions.
I am just a little concerned, and perhaps i shouldnt be, that the general consensus is that covid is a little long in the tooth and any attempts to lockdown a given office building or town or whatever wouldnt go down well these days. Especially as anyone who catches covid in the months ahead won't actually have to suffer any restrictions. People in my office turn up with all sorts of bugs. The common cold never kept them at home, and mild covid won't be any different, especially with no need to isolate.
This is, of course, only the covid side of things and modern water mobile, BT and other MW units have a use beyond covid, but the pandemic very much thrust water monitoring into the limelight. When the pandemic goes away/becomes an insignificance to most, will waste water monitoring go the same way?
Waste water monitoring has been needed for decades. Forget the pandemic. Heavy metals, drugs, forever chemicals etc etc, and yet none of these factors have ever been enough to get goverments to do anything about it. Covid was the wake up call. I hope it packed a load of caffiene so that those who are currently taking notice don't fall asleep again.
I believe in the MW offering and i know water monitoring is essential. But few seemed to care until recently. I hope pandemic surveillance is the future and that we are at the centre of it
Is there a concern that with the UK gov looking to lift all covid restrictions, as with other countries, that complacentcy will set in and vigilence and thus desire for monitoring will take a back seat?
If covid becomes, in effect, "the common cold", will employers, governments and civilians care if they have covid? And if no one cares about covid will the desire for PD reduce?
I know DVRG offers lots more than covid detection, but it concerns me that the demand will take a hit if the world decides that covid isnt worth worrying about.
I would like to think the world will want a pandemic surveilance system in place, but wanting and paying for it are two completely different things.
I welcome views on this, perhaps even from GB himself.
You responded just before i did T.Rat :-)
The Dell wyse 5070 is a commercially available unit. It isnt specific PD/DVRG tech. Its use in this image doesn't, to me, suggest this is necessarily anything to do with our partnership, at least not on a bespoke tech/infastructure level.
It is, of course, possible that Dell have chucked a load of these units at us for a reduced fee/free as part of the partnership
https://www.laptopsdirect.co.uk/dell-wyse-5070-intel-pentium-silver-j5005-8gb-32gb-ssd-windows-10-iot-ente-xwnyk/version.asp?utm_source=google&utm_medium=Free%20Listings&utm_campaign=shopping%20feed&utm_content=free%20google%20shopping%20clicks&refsource=ldadwords&mkwid=ssrZ707bb_dm&pcrid=539341816318&product=XWNYK&pgrid=125353698145&ptaid=pla-1402230666427&channel=googlesearch&gclid=Cj0KCQiA0p2QBhDvARIsAACSOOMJGLJ5v7CtR_bFwCsI5zDK0_QXinNgPzpg_7qp0hNVqVQRtaYmUKMaAh9UEALw_wcB
Signed
If such a deal would require, say, 300 PD units installed and raring to go i think it would cause an issue for DVRG today. Manual samples and people down man holes is expensive, but quite easy to provide. You need labour that is willing to take said samples and deliver them to a facility. Job done.
DVRG is offering an automated technological alternative. The units need to physically exist, on the scale required, before they can be deployed. Manufacture of parts to the scale required is holding back the larger contracts imo.
I could be wrong. Perhaps PD is considered too expensive etc, but i trust GB is speaking to the right people and that we will see movement once CR is signed off
Continued... (sausage fingers and phone!)
dependent on the CR deal. Once this is all in place DVRG can go for the bigger contracts for many millions and actually have the internal supply lines to back it up
DVRG cant produce 200 PD units a month yet. It will have that capacity soon, and at that point i expect DVRG to nail down some sizable contracts once they can deliver on them.
All imo
My view is that DVRG cannot be awarded contracts until they have the infrastructure to deliver on said contracts. This infrastructure will likely be dependent on
MODE had/have great ideas but they have tried to apply too much innovation before they got the business off the ground.
Replicate e-toro, binance etc, but with regulation, and MODE will do very well, even if not really bringing anything new to the table.
Once that core is established THEN they can innovate, when they have solid turnover coming in that can cover costs.
At this point being a copycat platform would bring a smile to the face of the (1 year) long suffering shareholders
I was thinking the same goolang. MODE prospers when there is BTC volatility. And that free bitcoin competition may conclude with a, relatively, cheap bitcoin cost for MODE
BTC was $66k or so back in November. $33k as things stand is very timely when giving one away!
(Not so timely when you hold BTC as an asset class)
There are only 6 more trading days in January before month one of 2022 is over. In this time DVRG may have recorded £1-2m in revenue.
I wonder what is resulting in the delay of the 2022 revenue expectation. Perhaps DVRG are waiting for a few things to become clearer before finalising. Perhaps CR is close. It would heavily impact revenue imo. Or maybe they are waiting for early uptake of STC medical or traction of STC in the US. Either way, hopefully we hear something soon! :-)
The valuable database grows and the STC name spreads. Important to keep this in mind for anyone who sees "given away" or "free trial" and shudders
I would hope that the business would cash in the BTC before considering a raise. The latest BTC was purchased via the funds of an earlier raise, and so some of that dilutive fund raise went into an investment class which has hopefully grown. With this in mind MODE owe it to the shareholders to stave off further dilution until all cash and cash equivalent assets have been exhausted. Keeping the BTC reserve but raising cash via dilution would be a stupid business decision.
If i couldnt afford my mortgage but had BTC in the bank i would certainly cash in the BTC to cover my bills instead of giving away part of my property. MODE needs to have the same approach.