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Teddyward

9,327 Posts.

845

22/01/18

13:09

Post #: 30466606
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Originally posted by Warnie ↑

Here are some numbers to ponder.....did rush but they are pretty close to the mark

End Dec 2015
Revenue $779
Expenses $1,123,000
Accumulated losses $1,240,000

End Dec 2016
Revenue $260,000
Expenses $14,599,000
Accumulated losses $15,2500,000
Cash and cash equivalent left $7m

Half yearly to June 2017
Revenue $461,000
Expenses $3,300,000
loss $2,213,000 (even after another capital raise and gov handback of $900k)
Cash in hand as of June 30 $1.6m

June - Sept Q
Revenue $67,000
Expenses $1,500,000
Cash left $200,000

So in 3 years we have

Revenue $788,000
Expenses $22,950,000

At lets say $400 retail per drone, they have sold around 1800 in 3 years
For each drone they sell, the marketing alone is $5360 (per drone)

.................................................................

Ok now lets play fair
Forget about the $20m burnt on Roam-e just look at last 9 months

...............................................................

Dec 2016 - September 2017 (9 months)
Revenue $520,000
Expenses $4.8m
Cash $200k as of Sept 2017

**Say $400 revenue per drone sale = 1300 sales in 9 months ($520,000) revenue
= $3,692 cost per drone sale ??????

Sean's wage alone is 60% of the total revenue for the year
**Now they have their hand out for another $2m+ ?

........

Guesstimates:

Total by end of year (expenses) could well be $6m
What are the drones selling for now, Say $300?

Breakeven therefore is circa 20,000 drones at $6m expenses?
They have sold say 1500 by my guesstimates in past 9 months??

So will be about 2000 sales by years end.
Only doing 10% of what is required at current spend to break even, neverlone make money.

It will be a continual cesspit of money raising.

Expand

You are being so kind.
You IMO haven't accounted for the uplift from the value of all the freq flyer and hotel points . That doubles the income!!

But there is more

No not steak knives but ....

SAVE 50% OFF RRP
by using this discount coupon code "ROVA50"
Normal RRP is $299.95 - by using the above DISCOUNT COUPON CODE you will receive a 50% discount making the total purchase of $149.98 with FREE DELIVERY

Damm those discounts - can't wait for the special edition ROVA with stripe kit, turbo badges and the collectors edition of course.

It is a appreciating asset - imagine in 100 years time the collectibility of the only 2017 ROVA drone still in original packaging??

Last edited by Teddyward: 22/01/18

IOT Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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