App securities stated the IOT margin may be higher than the normal 10-15%.
Lets even use a 30% margin......roughly $90 profit per until sold.
3600 sales (that we know about) = $324,000 "product" gross profit.
Out for that figures needs to come commissions to USA reps, wages to USA reps, all marketing costs, delivery costs, wages/admin and development costs from IOT.
**Also need to pay the factoring service.
**Also require the (from memory) the circa 20% deposit to get AEE (new production).
App securities stated the IOT margin may be higher than the...
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