Brivo Secures $75 Million Credit, After SPAC Terminated, Analyzed

By John Honovich, Published Nov 11, 2022, 10:31am EST (Research)

**** ****,***** *** ****** ** ** ****** in * *********** **** ** $*** ******* *** a *** ****** ***, ** ************* ****** * **** ******. ***, ***** ************ * $** ******* ****** ********.

IPVM Image

** **** ******** ****, ** ******** how **** ****** ******** ******** ** the ********** ******* **** *** *** this **** ****** *****'* ****** *** competitive ******.

Executive *******

***** *** **** *** *** ************* ~4x ******* ***** ***** **** ******* Brivo ** **** ****** **** **** credit ********, *** **** ***** **** exposed ***** ** *********** ********** *** public ********, ********** ** * **** market *** ******** **** *********.

**** ****** ******** ***** ***** *** option ** ****** ** ** $** million, ** ** *****, ********* * lower **** ***** ** **** ***** at * **** ************ ***** **** the ******** ****. ** / **** markets *******, ***** *** ***** ** well-positioned ** ** ****** **** ********* have * ****** ******** *** *** listings.

******** ** ********* ******, ********* * company **** *****, ***** *** *********** imploded, ***** ***** ******* ** * relatively **** ********, ** ** ******* to ******* ** **** ** *** major *********** **** *********** *** **********, save *** ******* ***** ** **** positioned *** ********* **** **** * single ******** ******** **** ******* **** market ************, ** ***** *** ****.

Credit ******** ** ******

*** **** ***** **** ********* ****** that ***** ***** **** ***** ****** to *** **** ** *** **** of ******** ** ******** ************ ***** the ****** ******** ******** *****, ** demand, ******* **** * ******** ****** card, **** * ******* *********** *** paying **** *** **** *** * premium ** ********.

M&A ********

*** *** ***** **** **** ***** is ******** ** **** *** ****** facility ** * **** ****** *** acquiring *********, ***** *** *** ***** Brivo **** **** ******* ** ** during **** ****'* ******* ****,**** *** **** ********'* ****:

IPVM Image

***** **** ********* ****** $***+ ** revenue, **** ***** ****** **** *** to ***** ********* ** **** ($*** to $*** *******) ** ************ ** get ****.

** *** ****** *** ******** ***** needs ************, **** ** * ********, though ***** ***** ****** **** ** raise ****** ********** *** ***** **** deals.

** ** *** ******* **** *&* is ******** *** ***** ** **** stage, ** *** ****** *** ***** access ******* *** **** ********** ** the **** *** ***** ** *** focus ****** ** ******* ***** ** their **** ********.

Funding ******** *********** **** ****

**** **** ****** **** ** **** for ** ******** ***** ** ******* in * ******** *********** **** **** state, ******** *** ******* ** ** more ********** ** ***** *** ********* to ******* ****-**** ********* **** *** churn *** **** *********** *** *********.

***** *** ******** **** **** **** positive **** **** ** **** *** last **** ******** ** ** **** flow ******** *** $*.* *******, ** this ******* ********* **** ******** **** (*.**) *****:

IPVM Image

****** ***** ** ***** ******** *****, Brivo ** *** ** **** ** massive ****** **** *********, ** * $75 ******* ****** **** ****** ** more **** ********** *** *****'* ******* growth ***** *** *** **** *** years.

*******

***** *** ****, **********, *** ***** with *** **** ******* ** ********. This $** ******* ****** **** ***** allows **** ** ** ********** ** growing ***** ******** **** *** ****** has ******* ******* ** **** **** have **** ******* **, ********* *** decades, ***** ******** *** ***** ** the ******* ****** *******.

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