BUD (ASX) #theroadto10000 have we reached 100 yet?

Originally posted by gallea: ↑

The reason I started this thread was to ascertain how many Ohms people think we have actually sold!

Have we sold 100? Are we even remotely close to 100? Have I missed an announcement along the way?

Such fanfare, worldwide distributorships with IM but how many have actually been sold? We have been told there is churn rate below the industry average. That was back then, times may have changed. But have we sold 13, 33 or 93? I think everyone would like to have more information on this...

I would certainly love to have a better idea, hard to make investment decisions when completely in the dark (and deeply in the red)!

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We don't know....can only guesstimate based on assumptions.

If we say $550k is the Ohm revenue in December Quarter....that is about $180k per month. And if the blended rate is still about US$750 (lets call it A$1000), that implies that we have about 180 Ohms sold and generating revenue as at end December. There may be additional units which are pilots and there may be some as demo's . While not revenue generating perhaps important for sales. If the blended rate was materially down then the numbers of units sold would be materially up. There has been no management disclosure to this so, it would be fair to assume we are still at the US$750 per month average...give or take.

So 'sold' plus demos/pilots...say 200? Total ordered somewhere between 1,000 and perhaps 1,200? So fair bit of inventory scattered amongst distributors and perhaps sitting in Adelaide & Seattle offices. BTW the 1,200 figure is a guess as we know the first order was for 1,000 base units with equal numbers of links/sensors etc. Subsequent order was for 3,000 components which was known to be an "assymetric order" and hindsight suggests to be that this would have been very heavy on sensors/links/other components and light on base units.

If we had the 1200 units installed and generating revenue at the blended average of A$1,000 per month.....along with the $400k quarterly Thor retainer we would be at about break-even point of $4m per quarter. Could be marginally positive if advertised cost cutting is added to the picture. Which means around 100 units per month from Jan to Sept need to be sold and installed....for guidance to be met. 25 per week!

Need a whale or two, and/or for the bigger distributors to kick into gear big time. For guidance to be met. Not essential for company prospects...but essential for management cred.

All IMO. GLTA.