Red Cat Holdings Inc (RCAT)

[DrStevens]

Rotor Riot now offers Kwad Care Subscription

“Kwad Care is a monthly paid membership that grants customers that have bought built and tuned drones from Rotor Riot access to free repair labor, discounts on replacement parts, and VIP customer care. It is good to know that you can be up in the air fast, hassle-free, and without breaking the bank if you crash. For only $19.99 per month, you can enjoy carefree flying!

HIGHLIGHTS
$19.99 per month
Free labor on repairs
20% discount on replacement parts”


https://rotorriot.com/collections/new-products/products/kwad-care

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I personally love the idea. 1000 subs would generate 240k a year and keep them close. I remember Thompson said our margins on product were higher than most of our fpv competition from the call in April 2020, meaning even at a 20% discount we’ll still be seeing profit on replacement parts. People crash these things 24/7 and are constantly buying parts and fixing their drones.

The only thing I wish? The company would have PR’d it. However, I really think they are playing good cards and are waiting for a reason. If you think about it Kwad Care support could be tied into Drone Box down the line. We should be on Nasdaq soon enough, feeling great where we are at. Some people on stocktwits are confused why they can’t buy it because it’s on the OTC. I really think good things are around the corner. GLTA