Listing ID : 426222
Posted on January 2, 2024 4
Boasting a high recurring revenue profile and multi-year contracts, this mission critical communications firm provides best of breed comm’s solutions primarily to nuclear power companies and state agencies. Over the past four decades the company has been a technology leader specializing in the development of unique and innovative solutions to communications problems, mostly involving critical communications and systems necessary to provide timely notifications. Today the Company has thousands of customer sites, each of which contribute to its recurring revenue stream. The company policy is, and has been, to only pursue projects with a recurring revenue component. Although they do sometimes sell hardware and integration services, but only in those opportunities where the possibility exists to increase recurring revenue. The companies recurring revenue stream of approximately $3MM dollars annually is generated by a very stable, long term, customer base of government and nuclear customers through multiyear renewable contracts, most of which have been in place for a decade of more. The company expects this revenue stream to remain stable for the next 5 to 10 years. These recurring revenue customers represent established and trusted relationships with the company and provide the foundation for building additional future revenues. 60% of sales are from nuclear customers, 30% state agencies, and 10% are “other”.
NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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