Question 1

If I read the financials correctly, the company’s Revenue is about $30k/month. How do you justify a $15million dollar valuation? Maybe I’m missing something.

Accepted Answer

Hi Richard! Thank you for your question. For early stage companies like ours, the valuation is based on a lot more than revenue. For example, it also takes into account the product itself, the pipeline of customers that we're actively in conversation with (and our ability to deploy with them), the potential of the product in market, etc. We started deploying for the first time in late 2022 and are quickly gaining traction, with multiple successful deployments since the start of 2023. Thanks a...

Question 2

It sounds like a great concept. How will this technology be helpful if internet and/or cell tower communication is compromised/inoperable?

Accepted Answer

Hi Nyamekye, thank you for your question about our platform! This is an issue that our public safety partners often have to deal with, so it's something we've spent a lot of time building around. There's a couple specific ways we've resolved this: - We use proprietary data processing to create lightweight data feeds that are more likely to work in low-connectivity environments. - We regularly cache basemaps and incident data to provide offline access to the most recent data. - Data will autom...

Question 3

Hi, what is your business model?

Accepted Answer

Hi Lea, thanks for asking! We sell to county governments on a software-as-a-service model, with annual subscription licenses. Those county governments then provide access to our platform to their emergency response agencies and first responders.

Question 4

Why is the average pricing per county increasing over time ? What are the assumptions behind the projected revenues?

Accepted Answer

Thank you for your question, Ranajit! Our average pricing for the first years takes into account the discounts that we are currently offering to early adopter counties. Additionally, we are continuing to develop our platform in order to deliver more value to our customers over time, and will offer more advanced solutions for data analytics and predictive modeling. We anticipate that our average pricing will rise as we develop along our product roadmap.

Question 5

Hello - Who is your closest competitor? This Tech seems to be easily replicable If you don't have any competition then what do you think will be an entry barrier for a newcomer or an existing large/medium cap who wants to enter?

Accepted Answer

Hi Pranjal, thank you for your question! While there are some other companies doing similar work in the space, they tend to be focused on either real-time communications between first responders or publishing pre-prepared emergency resources to residents. Perimeter is unique in offering an overlap of the two. Regarding barriers to entry, our technology uses proprietary data processing techniques for low-connectivity and offline environments, as well as secure and dynamic access controls for c...

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