40 sold, at a cost of 3,300€ each (roughly $5,300 AUD) = ~$212,000 revenue.
The interesting point I note - Unless management are not using the word "commitments" correctly, they noted SeaBin have received pre-sales orders of more than 2,500 commitments? Someone correct me here? That's a truckload of SeaBins. Unfortunately, I cannot imagine SeaBin are actually in workign capital position to fund the manufacturing of 2,500 SeaBins, but still, from a brief campaign, this sounds quite exciting.
Trying not to ramp as I completely appreciate the risk involved with this penny, but I see this as a positive.
"Poralu Marine in France are the company’s manufacturing partner and have a strong background in high quality marina construction and management. The Company is currently building the manufacturing and distribution capacity to cater for the significant demand and orders received from a brief pre-sales campaign which resulted in more than 2,500 commitments."
2,500 * $5,300AUD = ~$13m in pre-sale commitments.
This could end up quite a valuable little investment for SM8 in my opinion.
Clever Buoy - the Indiegogo campaign is slow, only $5k of their $25k raised. Fingers crossed they get this US beach over the line! We need a win for Clever Buoy!!
