Very true. I think that the majority of sales will be through brick and mortar stores (hearing aid department stores, pharmacies, hearing clinics). If we are indeed sitting at 3096+ then that would surpass my personal expectation of what I was anticipating.
Nuheara's previous campaign on Indiegogo attracted 3768 backers.
Based on my order number this morning, I would be conformable in making an "EDUCATED ASSUMPTION" that units pre-ordered to date would be sitting at 3100+. The order number of 3100 obviously would not account for orders where multiple quantities were ordered. We obviously also have another four weeks of pre-orders to fulfill until shipping commences so we can expect to number to further rise. With all of the above said, Nuheara also appear to sitting on an imminent announcement regarding FDA approval. Pre-order numbers could exponentially increase if FDA approved is granted in the next four weeks.
With 7,797 units of BudsIQ shipped in H1 FY18, if we apply another growth of 49% to this half year, units shipped will soar past 11,600 for H2 FY18. We have distribution in place, are first to market, manufacturing in place, plenty of inventory at hand with Boost and IQBuds, a third product to hit the market later this year and a good looking balance sheet which seems to be improving faster than even I anticipated. Unlike when IQBuds launched via the Indiegogo, much of the infrastructure above was not yet in place and there were many challenges that still needed to be addressed.
It will be a very interesting to see where we will sit come reporting time for H2 FY18. With all of the above in place and Nuheara's net continuing to increase, it will be hard to put any real estimate on what one can expect. 10 cents is currently presenting great value IMO @ a market cap of less than $83m for a company that is generating actual revenue with the potential market and upside which is clearly evident with Nuheara.
I'm going to take a stab and say that we will hit a market cap of $165m prior to September, 2018 (20cents/share).
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