So... 50% operational costs and about $100 spent on sales for each paying customer.
If they manage to keep those customers for several years without more sales, that bit looks like a normal "high-touch" business.
They shouldn't look like a "high-touch" business, but their unitary numbers look way better than I expected. They just need to grow some 10 times to star making a profit... Maybe 100 to cover the opportunity cost of their capital.
It's just a matter of finding 5 billion people willing to pay US prices :)
If they manage to keep those customers for several years without more sales, that bit looks like a normal "high-touch" business.
They shouldn't look like a "high-touch" business, but their unitary numbers look way better than I expected. They just need to grow some 10 times to star making a profit... Maybe 100 to cover the opportunity cost of their capital.
It's just a matter of finding 5 billion people willing to pay US prices :)
But it is still better than I expected.