Aug. 24 at 10:47 PM
$DMRC Ahhhh, the naivete of the newbies....There are 3-4 big gift card manufacturers and they will get enterprise licensing for under a million. No way in hell DMRC pulls down 400 million a year from gift cards, no way, no how. We heard the same thing about bar codes, plastics, AI recognition, music streaming, blah, blah, blah...I'd just be happy if insiders bought some stock and we got a BOD back that had some heavyweights on it, not Where'sRiley asskissers.
7 hours ago - Geoff Yahoo
According to Google AI (FWIW), the magnetic stripe costs 46 cents per card.
There are 1 bn cards. So ... maybe
$450MM in revs w/a (guessing) 75% profit margin =
$334MM profit
$17 p/s x 30 for a growth stock =
$500 stock price (not counting the impact of naked shorts trying to cover their 5mm - 100mm counterfeit shares)
A v smart analyst I know, who's followed DMRC for decades, had an estimate in the
$400MM range, but w/out a timetable.
That raises the
$10BN questions: what constitutes "widespread adoption?"
