InvestorsHub Logo
Followers 17
Posts 1831
Boards Moderated 0
Alias Born 09/02/2001

Re: tjw0099 post# 1247

Monday, 04/16/2018 9:30:07 PM

Monday, April 16, 2018 9:30:07 PM

Post# of 4193
Good points, tjw0099. Based on what they released in early March I back calculated a shipment/installation schedule for 2018/19 but it would be good to get a confirmation of actual shipments.

I estimated installation of 500 units this quarter, 850 next quarter and 900 in the last quarter of 2018. At that point Flex would be shipping 300 robots a month, gradually increasing in 2019 to 500 units a month to meet VEND’s estimate on 8000 robots installed by end-2019.

I expect most of the initial shipments will go to current franchisees who put money down several months ago and that they will next focus on corporate installations since they will generate the most revenue for VEND. From their March estimates they expect to have 2750 franchise units in place by end-2019, followed by 2500 corporate units, 1500 ‘direct’ units and 1250 international units. Pretty aggressive but potentially doable in my opinion.

Join the InvestorsHub Community

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.