I may be missing something here.
• Launched in May 2012 (but started in Nov 2011)
• Run rate of $88 000
• Gross revenue of $500 000
One of these can't be true.
• Launched in May 2012 (but started in Nov 2011)
• Run rate of $88 000
• Gross revenue of $500 000
One of these can't be true.
- We started development in nov '11 and only officially launched operations in May 16th, 2012, to be precise.
- Our current run rate is US$88,000 (as of our latest numbers). Run rate is an extrapolation of the most current numbers, if they are extended for a year.
- So far, we have grossed more than US$500K. I am not going to dig into our margin details here, but yes. We have grossed more than that since we started operations (may '12).
I hope this clarifies it.