Here we are in the week we have all invested for re lifx not OHM!! ( we have to wait for that)
Black Friday and Cyber Monday.
Last year we JUST missed the 70-100% numbers we were hoping for. And that was due to supply issue.
$30m in 30 days kicks into rev this quarter. So this quarter should be bigger than the whole of all last year. This year we have Amazon in our corner. What will they offer after the success of prime day??? who knows.! Next year we get costco, walmart owned Sams barn and LOWES ( second largest hardware in USA) NB we one smart light offer in LOWES and second only in TARGET. ( WHAT A PRODUCT AND BRAND)
On prime day : Alexa was bundled with many other products( 8-10)... LIFX bundle was number 1 Amazon is a data coy!!!! BRING IT ON
Disappointingly, the LIFX website wont have stock to equal demand. The coy has told us the demand from retail is so HUGE the site will be filled last ( highest margin ) . Not a bad problem really!! And now that we are refinanced with $14m aud forgiven, 2 suppliers, and better conditions with Eastfield, these issues are over. THEN, in the first quarter CY 21 we have to fill 5000 stores/warehouse shelves... OMG that could be the 100% of 2020 in 1 quarter. Then we get back to the 1 per day per store numbers!!!!!!!.
Disclosure I have been selling lithium and tech winners to invest in BUD at these levels.
DYOR....holding and buying tight
BUD Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
