IMO sales are poor based on info in public domain so far. Amazon best seller ranking below. Still only 3 verified purchaser rveiews (rest were mainly VINE freebies). No new ones for almost last 3 weeks
when I looked last night, no reviews on best buy Canada (other drones, eg DJI have hundreds on the bb site), no reviews on HVN. On Hammcher it doesn't seem to be branded as ROVA??? unless I am missing something
So 2017 $25m target REV - $2000 in Q1 - $500k to $1m Q2 (per their answer to ASX) means ~$24m needed in Q3 Q4...which at a price to retailers of say $300au (just a guess using 75% of cust retail price) means 80000 units sales to hit REV target. Based on progress (2600 in POs in 4/5 months), market size etc, competition..that appears challenging
IMO only and DYOR (vary the assumptions to work out other scenarios)
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