Ok, even if its tests thats fine, but I remember DD saying in some article they would be in profit this year, or was it next year?
Therefore, to be in profit, wouldn't it still be in the range of 10,000 sales at least....
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Ok, even if its tests thats fine, but I remember DD saying in some article they would be in profit this year, or was it next year?
Therefore, to be in profit, wouldn't it still be in the range of 10,000 sales at least....
I agree with you Baller, whether it’s a combination of sales, user programme tests or just simply tests provided as free incentives to the LUG participants, all of those things at this stage in the commercialisation plan are equally good things.
The guidance is for first profitability this calendar year;
From NZ Herald June 2013: “Darling said Pacific Edge was expecting to turn its maiden profit next year, We're pushing ourselves pretty hard."
http://www.nzherald.co.nz/business/n...ectid=10893207
Interestingly my calculator tells me it will take around 15,000 to 20,000 sales for the first profit to be comfortably achieved.
IMHO this is more likely to occur at HY15 in November rather than at FY14 in three weeks or so, but I would be delighted to be surprised too.
I also just can't get that CS quote from back in December out of my head;
"Breaking into the US market, giving it access to customers numbered in the tens of millions, meant a tough fight to gain strict regulatory approvals."
"However, that process is now complete and next year product sales will not only provide much needed cashflow but will probably see large pharmaceutical companies sitting up and taking notice."
http://www.odt.co.nz/news/business/2...-edge-business
How many reasons are there for a company chairman wanting to see pharmaceutical companies taking notice when sales do occur ?
Would you be very disappointed if they did not achieve 15K sales by HY15 in November?
If they did in three weeks, the SP will just go off like crazy, however, I will be very very happy with 5k. Would you be disappointed if it was in the 3k range MAC?
I am also curious to know how many people they have on ground at the US as of right now, last year when they started in july there were only 3... Don't think 3 on the ground would get us 10k of sales....
Any TA's out there wana let me know if we have formed a double bottom (w)?
If so, then a good announcement could and possibly cause a breakout..
As at December 2013: http://www.odt.co.nz/news/business/2...-edge-business
“Pacific Edge has about 18 employees in Dunedin, including management, administration and lab technicians, a further 10 in Pennsylvania, and an expanding US marketing team of six, which is expected to grow to 25”
We have also since then seen several further LinkedIn advertisements for strategic regional sales managers for Boston, Houston, Chicago, etc
However, we should contemplate that it takes six months to a year for new professional staff to become productive, just as it does in our own workplaces.
Again, I’d be entirely satisfied with 1,000 to 5,000 sales at FY14.
It’s a five year plan and I don’t think sales are the best measure of progress this early on. Being on schedule against the commercialisation plan, gaining CE Mark approval, commencing Spanish sales, and rolling out the new cxbladder products on schedule is as important if not more important IMO.
regards, Mac
Cxbladder is "becoming" something, as per the announcement. Good.
Good news. Would like to see some sales....
http://www.pacificedgedx.com/assets/...March-2014.pdf
So going by this:
2014: $300K ($30k trading $270k gifts)
2015: $5M < lol no chance
2016: $10M
2017: $20M
2018: $50M
2019: $100M