Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great news today!
And more great news coming.
Deals accelerating and back to back record revenue months.
Time to move up.
Great list of catalysts. Any one of those is cherry on top of current growth.
Except GM which he said long ago was no longer in play. Maybe listen to conference call again.
Is the company better off with or without the debt? Better off for sure.
Would set us up nicely for continued run.
March is not just a record month. Its another back to back record month. Wouldnt be surpised if each month moving forward is a record month.
Only another 20,000 dealerships to lock up in the US. on top of all the dealerships we have now.
Bet Uber is mulling over their DD strategy right about now. Nice time for Steve to get back with them if he isnt already. Back up driver for autonomous care using phone and kills poor woman - Current strategy not working.
Q1 2017 Revs = 55k
Q1 2018 Revs = 950k
Q1 2017 Net Income = negative 160k
Q1 2018 Net Income = 400k
Debt coming off the books.
Accelerated bookings.
Business in much better place than a year ago.
PPS will follow.
Wow.
Folks looking for confirmation....I guess that confirms..something.
Go ONCI
Few hundred thousand more over the next few months. Keeps adding up.
New deals every week. Q2 is going to be a monster.
Markets down big...
Onci up 10%...decent volume.
Not a bad day.
Up over 50% in last couple of weeks...
Not bad.
Boss as in SB?
Better = weed smoker
Better to have eyes on the road than not.
Nice stash!
It was great to see re-orders are happening - great for growth and a requirement for any potential bsafe business suitors.
Yes sir.
Record revenue and big % gain qtr over qtr will catch some eyes.
Record quarterly revenue.
Record revenue for Feb (Q2).
Debt going away.
All good and positive.
First 30 minutes wont tell the story of the day. Should be green later.
Wrong if you are talking about revenue. revenue, revenue.
Try using the google machine.
Revenue is revenue.
If you have $4 in revenue in qtr and substract 1 gazillion dollars for every expense, debt you can think of plus make up some to subtract if it will make it more fun.
Then what you have is a revenue number of $4.
One more time....revenue is a specific term.
You may be thinking revenue is net profit, gross profit, etc. Some other term. It would be tough to figure out your thoughts. But the REVENUE is a static number for the given time frame - with nothing added or subtracted.
Revenue
Specific Accounting Term
Static Number
Doesnt mean total contract value (booking value)
Doesnt mean cash on hand
Easy...in your example revenue of 400k minus infinity equals revenue of 400k.
Revenue is a specific term that has a meaning. It does not mean cash on hand or a host of other terms- specific.
Well over 1m deals announced in just the 2nd half of September. not counting anything before or after that would have been delivered to customers in Q1.
This tells us a couple of things.
1. Onci is not claiming entire sales contracts as revenue at time of signing - as some folks on the board have claimed
2. Most likely contracts with dealerships are not consigment based and revenue is being recognized based on the delivery of product based on terms of the contract. Meaning they agreed to BUY x number of units per month. This jives with the PRs and the numbers.
If not consigment based then recognizing revenue based on delivering product and having invoice go out in x number of days then expecting payment in x number of days is a normal business/accounting practice.
My homework tells me the dealership deals are not consignment, based on available information. I could easily be proven wrong by SB stating otherwise or if he has previously disclosed the business model and I missed it.
There is nothing that has been put out by company that states onci only gets paid if dealer sells a unit.
Also, the monthly revenue will just keep getting larger as more of these deals keep racking up.
Its all good.
In time the rest of the financial picture will clean up as revenue and cashflow continue to grow,Debt off the books,etc. The growth should help facilitate the items that have not been completed.
Revenue rules!!!
Start ups are judged on revenue. When we get to 5-10m in revenue the rest of the books should get cleaned up. When we get to 15-20m in revs then should see some net profit.And this will get there.
And that 5m estimate probably is for status quo.
Big names still in play as far as we know. Any one of those could be game changers.
Ford
BMW
Uber
Etc.
Be nice to see a PR stating % qtr revenue increase and record rev in Feb in that PR would be a nice touch. With some new deals sprinkled in.
Get some fresh eyes.
Quite a contrast from '17 to '18.
Cant wait for Q2 now!
Great numbers!
Each of the deals announced are for sales....kind of the purpose of signing a contract that says you will get x number of units per month and pay x dollars per month.
Only deals that are not outright sales are the distribution agreements. Those partners will market and sell themselves.
"none of the deals were made"....silly fabrication.
Almost 2m in revenue for 2017 up from nothing in 2017. Q1 expected to be about 1m in revenue.
All looking good.
Without your lies and going on information reported by the company and 3rd party attorneys then all is looking great.
Big chunk of debt moving off the books.
Revenue is on great growth trend.
Any of the nonsense you spew without any facts is just that...nonsense.
Additionally your nonsense posts do nothing to appreciate your phantom million shares...who bashes a stock which they are holding a million shares....something doesnt add up.
Nice continued revenue growth.
Correct - Peaked on 9/22
Run up was due to deals being announced, meetings with big names, announement of buying cogosense and Q3 fins.
Audit announced on 10/5.
Debt settlement filed on 10/15 - start of slide.
Now thats funny!!!!
Right, but you would be in the same place if he announced an out of this world profit. Without an audit you wouldnt buy the numbers anyway. Correct?
Do you believe, is a different argument than appropriate metrics to judge a pink start up.
That has zero to do with your post about profits.
I was responding specifically to that.
Why would you think you are entitled to see invoices? Silliness. You have other companies sharing that info with you...of course not.
The revenue, cashflow and profit are reflected in previous and future fins. Which is a high level look at overall operations.
Penny
Are we really judging pink start ups based on profits now?
Revenue is key for this stage.
Cash flow will be important in the near future - are invoices for delivered product being satisfied.
Then Profits.
Jumping the gun and evaluating a company in this stage as you would a blue chip isnt the correct methodology.
Accelerated revenue growth and market potential. Good indicators.
imo
WRF
My take is that this ceo is working as hard as possible to expand distribution, marketing and sales.
My opinion is he is being truthful about what is in the works but gets ahead of himself with timing and it bites him and pps in the ass. I would recommend he PRs when item is complete period. Doung otherwise sets him up to be critized...as is expected.
I think the growing revenue and subsequent cashflow should help speed things along - regarding items he has tweeted, PR'd, said on CC that have yet to happen.
There are also big names/big auto in the works that as far as we know are still in play.
The appetite for a solution and market size is appealing. The number of dealerships, fleets and other potential sales channels is essentially limitless.
Thats his atm lunch money he talks about 400 times per day.
$1 for some berd feed
post of the day!
Yup. Been holding strong in the 002 channel and now time to go back up to reality.
So no issue that there are not audited financials. Glad to clear that up.
Issue is that Ceo missed deadline.
2 issues but conflating is a bit dishonest right.
Audits are not required for pinks.
You can add all the "IFs" you want but it doesnt make it true.
Good thing but not required.
From here...double by Mid March. Pennies by June.
IMO
Come on now.....California, Texas, Pennsylvania, Mass, Conn, NJ, NY, etc.
US Warranty, Capoli, Scully, others - They bring plenty of "friends" to the table.
Details of new deal with Midwest distributor on the way as well.
Global distributors. Global deals.
Checks/POs are starting to pile up.
Record revenues.
All positives. Again, PPS will soon reflect the real story here.
Good info.
And all those used cars have ODB connections which can accept our product.
The scale of the market for this product is huge.
The appetite and demand for a DD solution continues to grow.
Sales and marketing continuing to ramp up.
Someday soon PPS will reflect what is happening.
As part of a 10-50k car purchase the $200 wrapped into financing would break the bank of car buyers.
The other options for DD just dont compare.
Kids will not use voluntary product that would impair getting instant feedback from all of the social media apps.
This product should be part of Drivers Ed packages as another angle to reach parents.
Possible Capoli/Automotive Aftermarket had the $249s( yesterdays price) get bought up and testing new price point at $349.
Not saying thats the case but just asking the question of those that may have experience launching a new product on Amazon. Would testing various price points be a standard practice?