A: BSM Technologies Inc., $1.57, symbol GPS on Toronto (Shares outstanding: Shares outstanding: 82.4 million; Market cap: $131.9 million, www.bsmwireless.com), makes equipment and software that helps owners of truck, train and other fleets monitor their vehicles using global positioning systems (GPS).
Customers typically purchase the hardware upfront and then enter into a long-term contract for software updates and monitoring services. Recurring revenue from those service contracts provide two-thirds of BSM’s total revenue.
The U.S. accounts for 66% of its sales, followed by Canada (33%) and other countries (1%).
BSM’s revenue jumped 327.2%, from $13.8 million in 2012 to $59.0 million in 2016 (fiscal year ends September 30).
That gain was mainly because the company acquired Webtech Wireless for $49.9 million in cash and stock on September 30, 2015. Webtech makes software that compiles and analyzes GPS data. The transaction nearly doubled BSM’s annual revenue.
As a result of the merger, the company’s shareholders wound up with 51% of the company; Webtech investors own the remaining…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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