Im not sure what some people are thinking or is it they just bye blindly hoping for some miraculous price action to make them money. The new lab to lab model which has just been adopted since July 2019 has now 36 sites up from 29 last4C. 11 sites are now deployed up from 6 from the last 4C with another 5 undergoing. The mimimum sales from each site is 20 mouth guards as a minimum, but management have said some sites will do more due to demand.
Lead time to first revenue from launch is sixty days with 90 to build to minimum quotas. Do the math. Management have stated that 1000 devices will get them to breakeven.
this company is at the infancy of growth stage, so revenue will come but not tommorow. The most important thing is that sites get signed up and increase every quarter along with sites deployed. As the tech proves itself these numbers will grow exponentially and so will revenue.
Patience required if you believe in management and their offering. I sure as hell do. See you in 12 months time to hopefully see some meaningful in roads.
OVN Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
