total potential revenue
Artificial Intelligence Technology Solutions Provides Updated Financial Guidance Markets Insider
RAD's suite of products which presently includes SCOT, WALLY and FRED provides recurring monthly revenue for RAD. On average, each SCOT, WALLY and FRED respectively can generate, over a 4 year period, $60,000, $25,000 and $12,000 of total revenue for the Company. To date the aggregate of all units presently deployed, at purchase order stage and client verbal commitment stage equal more than $2,400,000 worth of total potential revenue. RAD expects to reach $100,000 of monthly recurring revenue by this fiscal year end February 28, 2019, which represents approximately $5,000,000 of total potential revenue. RAD already has total deployments, purchase orders and verbal commitments for half of this amount to date.