Adds: "Generally, cloud services represent a cost of goods sold of approximately 30%.This implies that the 5 year business revenue projection from operations can meet or exceed $240MM, which will naturally generate future cash, allowing us to meet or exceed the $80MM cloud services consumption agreement."
UPDATE: Remark Holdings CEO Tells Benzinga Initial Investment By Microsoft Provides '$700K Cash to Help With the Onboarding and Migration Fees as Well as a $2M Credit for Azure Cloud Services.'
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