Zoleo continues to perform strongly on Amazon US currently ranking #2 in Best Sellers for the Handheld GPS category (consistently outperforming Garmin InReach).
The analytics tool I use is showing current annual run rate for Zoleo from Amazon US sales alone is >32,000 units pa.
I would imagine that the sum of all their other physical USA retailers, e-comm stores and direct sales would at least double this figure, if not more?
This could suggest adding potentially >30,000 subscribers into JV during the 6 month period of June-Dec 2023 from US contribution alone. Which would see Zoleo Inc exceeding 100,000 subs globally, and adds ~$12m in revenue for the JV (which even with 15% JV's take rate would be significant enough to see operational profitability based on last reported numbers).
Market is pricing in obsolescence, but these products are continuing to grow globally.
Zoleo continues to perform strongly on Amazon US currently...
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