what numbers are you talking about... per pr yesterday
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC's with major companies.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
yep 120 million plus OS so far 100 million of that diluted in 6 months
then the remaining debt and the debt incurring...
yes trading at .07...go figure...
guidance for 2017 to 2018
notice the 560 deployment but only guidance for 240...lmao
RAD is preparing for the following expected deployment of robots:
20 robots by the end of calendar 2017
50 robots by the end of the first quarter of 2018
90 robots by the end of the second quarter of 2018
160 robots by the end of the third quarter of 2018
240 robots by the end of the fourth quarter of 2018
RAD'S business model is to rent out robots to its clients over a three-year period thereby always retaining ownership of its robots, securing its intellectual property and providing a model for regular service, software and hardware updates.
Each robot brings in approximately $110,000 of revenue over the life of the contract which translates to approximately $36,000 per annum.
RAD expects to have 20 robots deployed by the end of 2017 and a total of 560 robots deployed by the end of 2018 for an expected monthly revenue run rate at the end of 2018 of over $1,600,000 or over $20,000,000 of recurring revenue per year....
but only has commitments for 62 rentals
yes these numbers are whacked....
omvs...
can't wait for those financials and guidance then...
As it is RAd is struggling to get it's first 2 rentals out per pr on OCt. 4th..it's first client....yeah the numbers are whacked
omvs
