May. 13 at 9:46 PM
$ITMSF ....................MY CC NOTES
Tone: Clear, concise, confident. No hedging.
Commercial: Very strong. ~
$8–10M inside the
$30–35M guide.
Recurring/Margins: >80% recurring. ~28% EBITDA, trending higher with usage.
Insurance: Active usage now. Mutual‑company partnerships = insurer/reinsurer integrations.
Gov Pipeline: Active, funded, positioned for conversion. Indonesia referenced again.
Financials:
$18.8M cash,
$16.3M working capital. Near break‑even ops.
Uplisting: In process. No timing given.
Discipline: “We will not chase rainbows.”
Overall: Strong commercial base, scaling recurring revenue, expanding margins, active gov pipeline, uplisting prep.