Key takeaways:
(1) "
We're pleased at our rate of growth of Buddy Ohm sales (for example, this Q1Fy19 we sold Buddy Ohm into more sites than we had in total prior to Q1, and all indications are that this will be true in Q2FY19 as well... This is notable as not all distribution channels are fully scaled or operational [yet]."
Correct me if I am interpreting this wrong -
I take this to mean that in this quarter we have installed as many ohms as were installed in total previously. If so, given we made ~$300-$500k last quarter from Ohm sales (i.e 100-150 ohms), this means we would now be at 100-300 and have more like $600k-$1m ohm revenue (note we made about $400k from Cloud last quarter).
If this growth rate happens again as the Buddy leadership team believes then we will smash my J-curve growth rate predictions (i.e we could be looking at ~$3m total rev from the October-December quarterly). It also means we are on track for cash flow positive in the January-March quarter
(2) "
We believe this business is solid and likely to grow in the future, possibly into other Thor brands" - This is great, upside in Airstream deal - Thor may use Buddy cloud in their other products?!
(3) "
We are using the Board opening to explore the possibility of adding another talented executive with relevant experience to our Board makeup. An announcement should be made shortly." - Excellent, we can expect another strong addition to the team
(4) "
We've seen our first commercial sales in the Dominican Republic and Colombia"
(5) "
Our most recent quarter had the US market delivering ahead of plan"
(6) "
Australia is showing early indicators of strength"
(7) "
The Buddy Ohm business recorded its first New Zealand customer"
(8) "
Nestle in the Caribbean has continued to order additional product"
(9) "
Our rate of customers buying additional product has grown - both the number of repeat customers and amount additional that they buy"
(10)
Look at the T20! The T20 now holds 44% - as I suggested in my post earlier today -
the big boys have indeed been accumulating HARD - look at those big holdings - scared retailers selling to smart money
Hang in there lads, IMO things are about to heat up in a big way
GLTAH
P.s "All buildings, no matter how large or small, can derive significant benefits from the Buddy Ohm product"
