from prospectus16 Jun 2017 10:13
The StoneChecker plug-in will be ava
ilable either for purchase on a serv
er with local unlimited access
or on a server or cloud based system where
access is on a charge per-use basis.
The upfront cost of purchasing the StoneChecker so
ftware so that it can accessed locally an unlimited
number of times is expected to be £15,000 with annual recurring revenues based on software
maintenance and upgrades, which may include impr
ovements to the TexRAD algorithm based on
additional patient data. The intention is to char
ge a maintenance fee of between £1,500 and £2,000
per year depending on the updates offered. If no additional updates are offered then the maintenance
fee may be lowered.
Discussions have taken place at length, both inter
nally between the Director
s, some of whom are
already actively involved with other TexRAD softwar
e and as such are aware of the key pricing issues,
and externally with advisors such as the Oxford Stone
Group, as to what is a feasible price for a one-
off purchase of the plug-in. Following these discus
sions, the Directors believe that £15,000 is an
appropriate price, taking into account the potential
cost saving that healthcare clinics may receive
following installation of the plug-in as well as a reduction in clinician time.
The expected cost of accessing the StoneChecker software on a charge per-use basis is
approximately £30 per use, with price levels based
on volume bands. Fees will then be invoiced to
those customers who have a pay per-use package on a quarterly basis.
If the pay-per-click software is accessing using a locally
installed server version, a nominal amount will
be paid upfront to install the software. If the pay
-per-click software is accessed on the cloud based
system, it is expected that upfront
fees of £1,000 will be charged to include access to the web-based
version and servicing of the software.