Rezolve's Business Expansion and Financial Performance
Summary of Management Plan
($ in millions)
Management Projections
2020A
2021E
2022E
2023E
2024E
Transaction Revenue
1
17
62
239
GeoZone Revenue
5
60
137
296
575
Affiliate Revenue
0
7
25
101
Other Revenue
21
60
102
135
Total Revenue
$5
$82
$219
$486
$1,050
% Growth
1,577%
167%
121%
116%
COGS
2
53
149
288
494
% of Revenue
50%
65%
68%
59%
47%
Gross Profit
2
29
70
198
556
% of Revenue
50%
35%
32%
41%
53%
S&M Expense
6
39
116
164
224
R&D Expense
3
7
46
57
69
G&A Expense
3
9
81
102
162
Total Opex
12
55
242
323
454
% of Revenue
240%
67%
110%
66%
43%
EBITDA
($9)
($26)
($172)
($125)
$102
% of Revenue
(190%)
(32%)
(78%)
(26%)
10%
Capex
1
10
5
3
% of Revenue
0%
1%
4%
1%
0%
EBITDA -
Capex
($9)
($27)
($182)
(130)
$99
% of Revenue
(190%)
(32%)
(83%)
(27%)
10%
Note: Financials based on management plan, per U.S. GAAP.
1. Please refer to the company growth plan for further details on agreements and customers.
26
Commentary
Transaction and GeoZone fees expected to comprise over
two-thirds of revenue in the projection period
● Revenue growth underpinned by merchant and users
additions as the Company signs new agreements
• Expected to add three merchant agreements through 2021
and five retail agreements through 2022(1)
Material revenue inflection in 2023 as agreements ramp user
engagement
O Sales and Marketing comprises the main expense item (in
S&M and COGS) as the company co-invests alongside
agreements to roll product in projection period
O Margin increase supported by operating leverage, upfront
R&D investments and attractive unit economics
Management plan assumes sufficient funding in December
2021 and March 2022
rezolve
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