- mPhase Technologies ( OTCPK:XDSL ) is pleased to provide revenue guidance for its newly implemented Pebble sustainability business.
- This new service revenue is forecast to rise from $1.75M in FY 2023, to $18.2M in fiscal 2024, and $52.56M by fiscal 2025; with EBITDA positive results expected in fiscal 2024.
- This represents a CAGR of 448% over this three-year period.
- The new sustainability services revenue is expected to be primarily recurring, generated from monthly subscriptions with hospitality partners; and from consumers who upgrade to the Pebble premium service.
- “Pebble not only strengthens the relationship between retailers and consumers, but also mitigates the impact of climate change by influencing consumer behavior and providing a catalyst for consumers to reach their own personal sustainability goals.” said CEO Richard Thorpe.
For further details see:
mPhase Technologies sees Pebble service revenue of $1.75M in 2023