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May 25, 2004

Wayport Metrics

By Glenn Fleishman

During Wayport’s briefing yesterday, they shared key metrics about the company: It’s rare to see this much data from any hotspot provider, which goes to show the confidence Wayport has in its current and future businesses. The old saying is, never write your competitor’s business plan for them. Wayport fears no such animal, it’s clear, especially with its Wi-Fi World partnership model ahead of it.

In terms of core connections or 24-hour sessions, Wayport shows 124,000 in the first quarter of 2001, rising to 301,000 in first quarter of 2003, and 645,000 in the first quarter of this year. They estimate 714,000 connections for this current quarter, and over a million for third quarter. These connections include all direct and third-party pay-as-you-go and subscriber uses.

Wayport also provided its raw revenue figures for the last three year. The company started with $1.5 million received in 2002’s first quarter, rising consistently and steadily to $6.1 million in the first quarter of 2004. They estimate $6.7 million for second quarter, $8.7 million for third quarter, and over $10 million in the final quarter of 2004. The company’s CEO expected to produce about $1.5 to $2 million per week within 12 months for an annual runrate of $75 to $100 million.

Under Wi-Fi World, subscriber connections ostensibly won’t be counted because Wayport will receive fixed fees per venue regardless of connections. However, Wayport will still collect walk-up fees for two-hour sessions ($2.95 for two hours) which they will share with the retail venue.

Posted by Glennf at May 25, 2004 1:31 PM

Categories: Financial, Hot Spot

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