Iridium have advertised this product for $1200 I believe AUD as it was an Australian website.
WRR noted "5000 units in production""generating revenue of $1.8M" which translates to $360 per unit. I believe this is also AUD.
This gives iridium circa 70% margins. That seems attractive to iRidium. Given WRR take on raw material, freight and manufacturing escalation risk. Also they have to generate ROI.
That certainly does not mean it not still very attractive for WRR. Id just like to know gross margin.
Care to comment?
WRR Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
