The company develops and sells artificial intelligence (AI) based software that analyzes data for nuclear power plants to predict equipment failure, and for the military to effectively assess complex and chaotic situations and mitigate national security risks.

Key Aspects

Revenue grew at a compound annual growth rate (CAGR) of 68.6% from 2019 through the trailing-twelve-months (TTM) ending November 30, 2022
Management estimates $6M in secured backlog as of August 2022
Recurring revenue model from software subscriptions
Operates in a niche market providing machine learning-based predictive software for boiling water reactors
Develops customized software applications in-house

Opportunities

Exploit opportunities for additional customer penetration at currently served reactor sites
Increase sales of AI-driven services targeting increased plant efficiency and profitability
Leverage past performance qualifications and best-in-class SaaS to expand its growing position at defense customers
Pursue more aggressive patent strategies to create additional walls around key offerings
Capitalize and expand upon reseller agreement, which management projects will generate ~ $750K of income immediately

Headquartered

Midwest, US

Current Markets

The company provides AI software to nuclear power plants and the military primarily in the US

Real Estate

The company operates from a 1,250 sq. ft. facility leased from an unrelated third party. There is room to grow in the current location.

Shareholder Objectives

There are four individual shareholders and two trusts. Three of the shareholders are active in the business and all are looking to remain onboard.

Benchmark International

Benchmarks Exclusive Opportunities

Artificial Intelligence (AI) Software-as-a-Service (SaaS) business – BN000041355

Artificial Intelligence (AI) Software-as-a-Service (SaaS) business – BN000041355

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