Total revenue will be comprised of advertising revenue from Armenia , Georgia and Spain . It will also enter Brazil from 2019 , and will start selling Big Data from 2021 .
Advertising revenue
2019 ( F ) 2020 ( F ) 2021 ( F ) 2022 ( F ) 2023 ( F ) 2024 ( F )
Armenia |
$ 120,000 |
$ 120,000 |
$ 120,000 |
$ 120,000 |
$ 120,000 |
$ 120,000 |
Georgia |
$ 60,000 |
$ 60,000 |
$ 80,000 |
$ 100,000 |
$ 120,000 |
$ 120,000 |
Spain |
$ 7,200 |
$ 7,200 |
$ 7,200 |
$ 7,200 |
$ 7,200 |
$ 7,200 |
Table 7 : Forecast of Sales from existing markets for 2019-2024 , USD
Expanding to Brazil
2019 ( F ) 2020 ( F ) 2021 ( F ) 2022 ( F ) 2023 ( F ) 2024 ( F )
# of venues 300 450 720 1,152 1,843 2,949
# of total advertisements shown per year
Revenue for the year
32,850,000 49,275,000 78,840,000 126,144,000 201,830,400 322,928,640
$ 328,500 $ 492,750 $ 788,400 $ 1,261,440 $ 2,018,304 $ 3,229,286
Table 8 : Forecast of Sales from Brazilian market for 2019-2024 , USD
Sales ( USD ) |
2019 ( F ) |
2020 ( F ) |
2021 ( F ) |
2022 ( F ) |
2023 ( F ) |
2024 ( F ) |
Big data |
|
|
$ 200,000 |
$ 200,000 |
$ 200,000 |
$ 200,000 |
Table 9 : Forecast of Sales of Bid Data for 2021-2024 , USD
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