Hi Bean,
Quick question. You mention $3 per patch. Is that revenue or profit? If it's revenue, then manufacturing, shipping and other COGS will need to be taken from it.
Currently patches retail between $6-8 each. If retailer marks up 100%, that means $3-4 to us (not including costs). What do you expect our expenses per patch to be, with the new machines etc?
A $2 profit vs a $3 profit is a huge difference to the bottom line i.e. $750k/month vs $500k/month.
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