So in the AGM presentation there were two immediate milestones commented on:
1) appointment of new Australian retailers, and
2) “expects to receive additional orders imminently to meet increasing demand.
we have already seen the first 1) with anaconda, what will be interesting now is when we see the new order. This should be the next couple of weeks if ‘imminently’
a quick summary of orders shows for 3 months now they have been talking about 22,000 units ordered.
31 jan - first 5,000 order
1st June - second 5,000 order (5 months between orders being the longest gap, v understandable as new product) 10,000 cumulative
13th July - third 5,000 order (only 6 weeks after previous - my assumption is it was so quick as a stocking order for the further US retailers). They stated in this order “Most of the previous orders have been sold” 15,000 cumulative
7th Sept - forth order 7750 (two months after previous order, cumulative 22,500 ordered
so between 3rd and 4th order was only 2 months, but that was now 3 months ago. As a result I am expecting a further order to hit us shortly. Let’s assume it’s a further 7750 that will bring the 12 month total orders to be 30,000
what’s also interesting is 25,000 of this will have been ordered in the 6 months June - Dec, meaning an actual annual runrate based off second half of more like 50,000 units a year.
furthermore this does not include any stock for Kogan, catch or anaconda. If they can sell 10,000 to Aussie retailers FY21 could quite conceivably be a 60-70,000 unit year for BCC
60,000 units = $20.7 total device sales and unto $21.6m plan revenue on the lowest plan rate (if plans used for full 12 months, but dropouts ie please who pause there plan will reduce, but people on higher us wage plans would increase so might net out to be around that
BCC will be over $1 in 12 months time IMO
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