/biz/ - Business & Finance

California get ready to be cucked by AI dashcams
what started as a stagnant hardware smallcap is pivoting into hardware+tech services to cuck you harder. Dont drive past flashing schoolbuses
>Approximately 350 of California’s 977 school districts now rely on Gatekeeper’s video and data product suite to provide a safer transportation environment for children on their way to and from school.
>We estimate that approximately 1,000 of the 50,000 Mobile Data Collectors we have installed for our customers have now entered contracts under this new recurring revenue business model, which forms the foundation of our data company evolution.”
company is already at pe 11x but only with lumpy contracts, so getting recurring revenue from all those collectors would be $30/month * 50,000 = $18 million 100% gross margin revenue

i just wish they'd finally expand with major transits too instead of only having one (big) customer there