I don't know anything about manufacturing (wish I did as I have some GREAT/Terrible ideas ) but I do wonder what the appropriate level of investment in manufacturing is. For sure shipping 3 units per day sounds like there must be a lot of manual input going on there but we dont know what is happening behind the scenes. I'd also imagine shipping 3 units per day will be more than they need to be producing a year from now so could there be an argument that they might have an appropriate level of investment in manufacturing? Knowing that you are going to struggle to fulfil a large backlog of orders but not wanting to waste/lost money in the long term from infrastructure that is oversized?Looks like they shipped 234 on 12-July and 339 on 22-August. That's 105 units in 28 business days or exactly 3.75 units per day. If they're working 6-day weeks, it's exactly 3 units per day or 18 units per week. That suggests they're still having horrible teething problems and haven't invested much money in manufacturing, which probably means they're hurting for cash or that orders have stopped or both.
This is week 34, there's 18 weeks left in the year. At this rate they'll ship 108 more units this year; expect unit 447 around Christmas.
Does anyone have unit 500? 400?
One can argue that the product definition, development, prototyping, de-bugging and design iterations should have been done out of the market, and in well funded, going concerns that is expected.Their gross revenue for 400 units is $415K. By not investing in manufacturing they will have managed to piss of their customers by not delivering and piss away all that money by taking a year to build the 400 units. By investing in manufacturing, they could have solved both those problems and wound up with a fledgling business that might sink or swim based on the whims of the market. Instead, all they have is sweat. That's an investment that pays back twice.
Excuse me, I think you're lost. This thread is for slagging off some chap trying to set up a new marine related business, feel free to chip in.Please share any contacts with private Sailboats to rent in Honolulu please for June 2020. I have sailed since age 7 and owned three sloops for over 30 years and can provide a sailing resume as needed. I do not require large sloops and mid 20s to mid 30s will suffice for a 7 to 10 day rental.
John Van Lente [email protected]