Here are some numbers to ponder.....did rush but they are pretty close to the mark
End Dec 2015
Revenue $779
Expenses $1,123,000
Accumulated losses $1,240,000
End Dec 2016
Revenue $260,000
Expenses $14,599,000
Accumulated losses $15,2500,000
Cash and cash equivalent left $7m
Half yearly to June 2017
Revenue $461,000
Expenses $3,300,000
loss $2,213,000 (even after another capital raise and gov handback of $900k)
Cash in hand as of June 30 $1.6m
June - Sept Q
Revenue $67,000
Expenses $1,500,000
Cash left $200,000
So in 3 years we have
Revenue $788,000
Expenses $22,950,000
At lets say $400 retail per drone, they have sold around 1800 in 3 years
For each drone they sell, the marketing alone is $5360 (per drone)
.................................................................
Ok now lets play fair
Forget about the $20m burnt on Roam-e
just look at last 9 months
...............................................................
Dec 2016 - September 2017 (9 months)
Revenue $520,000
Expenses $4.8m
Cash $200k as of Sept 2017
**Say $400 revenue per drone sale = 1300 sales in 9 months ($520,000) revenue
= $3,692 cost per drone sale ??????
Sean's wage alone is 60% of the total revenue for the year
**Now they have their hand out for another $2m+ ?
........
Guesstimates:
Total by end of year (expenses) could well be $6m
What are the drones selling for now, Say $300?
Breakeven therefore is circa 20,000 drones at $6m expenses?
They have sold say 1500 by my guesstimates in past 9 months??
So will be about 2000 sales by years end.
Only doing 10% of what is required at current spend to break even, neverlone make money.
It will be a continual cesspit of money raising.
