Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Sam Healey - Lamassu Holdings.
Sam Healey - Lamassu Holdings
I want a keep up the same line of questioning that we usually take regarding the continued investment in mStage and toktok at the $1 million to $2milion level per quarter. Bill last call you told about that by the end of the fiscal year, which is now only a quarter and halfway, if we didn’t see a significant traction and understanding that would be significant revenue opportunity from an ROI basis.
We think the continued to investment in this initiative or clearly from the revenue you just did and from your guidance for next quarter, if there is traction is not significant nor is it revenue generated. So, its just concerning here that you plan that same level of investment going forward.
What I am missing in terms of your thought process on a continued investment in something that each call you push back the potential for any revenue or is there any quantify away because Todd two calls ago you told about that you would have significant tractions by the end of this calendar year in your mStage toktok investment, but we can see some sort of traction, because its clearly not in the revenue nor is it in the revenue guidance?
Todd Simpson
We I believe we have been consistent over the last few quarters and we’re not changing that story right. So, we believe that there is significant upside potential in the market we’re investing in and we’re also cognizant that you have to do that within a certain reasonable timeframe and you do have to show traction and ultimately revenue growth and so Sam you are correct that in the last call we said we have to do that by the end of the fiscal year, otherwise we would have rethink things and I think that is the same story.
Sam Healey - Lamassu Holdings
So, I misunderstood Bill’s comment of continuing to invest in new initiatives as $1 million to $2 million for the next several quarters, but by that you really meant just until the end of the fiscal year and at that point, you would, to quote him make an assessment and continue to do something else with rather than proceed down this path?
Todd Simpson
Yes, now that said, I mean, we’re pretty confident that on the path we’re on that we’re going to meet what we have said and create a significant opportunity here, but yes, that is consistent I think what Bill said for the next quarters, which take us to the end of the fiscal year.
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