Jeremy Greenberg

Sure.

So we help e-commerce companies manage their orders, their inventory, pretty much all their business processes across everything from how they manage their suppliers to actually shipping out products to the customer.

And that includes also listing products and various things like integrating with Amazon, eBay, their own website to really be the operating system

of that business so we make money basically charging per order you know we basically have a transactional fee so we charge starts at 25 cents an order but basically every month we tally up how many orders went through our system and that's how we bill for all of our services we do have some you know secondary you know upgrade uh you know options and things like that but primarily our

about 90% of our revenue is from per transactional type charges.

No, it's very predictable.

There is a, is a seasonal aspect to it.

You know, obviously in December, there are more orders going through our system than, you know, March or something like that.

But there's a predictable pattern.

We've been, you know, we have a trend that we could see, you know,

December is usually a certain percentage higher than November.

And then January is a certain percentage higher than that because we bill after the fact.

So basically in January we're billing for December, which is usually the biggest month.

And then there's a typical percentage that it dips.

And basically because we're a growing business, every year the baseline goes up.

but basically there's a similar pattern that goes from one year to the next.

Growth rate...

Last year, the growth rate's been around 40% each year.

So consecutively.

Yeah, actual revenue.