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i agree to an extent - but he clearly didn't answer the question. The Android launch date was irrelevant. It was always a 'soft' launch so not expecting silly numbers, but even if numbers couldn't be provided answers such as volumes are growing in line with management expectations etc after all it has been in place for 6 months now.
Also later he mentioned 50% gross profit margin for STC. Surely that's the most commercially sensitive piece of info which was just thrown in
shandy, I am not sure you always want to show that level of detail, if you are negotiating with suppliers, distribution channels, then a lot of commercial information should be confidential.
For STC, if they are ramping up production to 20,000 this year in the UK, then another 20k in USA and 20k in China, you can be pretty sure it is working, there is a market for this, and they are still discovering ways to get value from it.
STC short term should be a good revenue earner for DVRG and they have been growing capacity slowly and as we know have a marketing activity kicking off in Q4 (so only a few weeks away). However, below is a poor answer to a simple question.
STC was launched at the end of March 2021, so 6 months ago and the Apple app was launched a few weeks later.
There were a few other vague answers re financials and geographical revenue splits - no cost estimates can be provided for H2 in 2021?? I like DVRG and GB on the whole has many positives but he doesn't seem to be on top of financials and then gets 'touchy' when these perfectly reasonable questions get asked. There is no point highlighting the revenue growth, which is impressive, without explaining the cost increase, which is increasing at a similar level.
Q4: How many Skin Trust Club kits have you sold to date and how many month on month? What is the rate of growth? What are the net and gross profits per kit sold? What is your present capacity for testing or processing the kits? I do not like the limelight so please do not read out my name if these questions are addressed and an email or a link to the information would be even better. Thanks in advance Simon
The launch of Skin Trust Club Android app just a few weeks ago is insufficient time to provide an indication of sales, but we have stated in a recent update that a capacity of up to 20,000 is available as we head into a major promotional launch in Q4.
"As the old cliche has it, you can only manage what you can measure," Gore said.
https://www.nasdaq.com/articles/data-project-backed-by-al-gore-aims-for-real-time-emissions-monitoring-2021-09-16
Now who has a real-time solution for water monitoring ready and is preparing to announce details of installations in multiple jurisdictions before the end of the year...
Al Gore among speakers at Reuters IMPACT:
https://reutersevents.com/events/impact/conference-speakers.php
Mugging, is this the ramblings of a lunatic, I have been invested here for longer than I care to remember. 48 grand and I could have made more leaving it in the bank.but heho this share is not for rainbow chasers, so how long do I need to wait for any return never mind a decent return.
Well if anybody lets mugginsthedog pick their pockets they deserve what they get. How sad.
Still not sold?
"Wastewater – Proven Microtox PD installed. New installations to be announced before the end of this year in multiple jurisdictions"
https://www.deepverge.com/wp-content/uploads/2021/09/Deepverge-Interims-2021-Presentation-1.pdf
Ratty - GB has not achieved a single one of the objectives he set himself at the December 2020 investors presentation. Are you the only one foolish enough to believe any projection he makes? He has been caught with his trousers down too many times for anyone sensible to believe in anything he says.
It is bad enough to have to listen to your nonsensical, irrelevant so called research but it is quite enough to hear your delusional ramblings.
How about GB focus’s on getting in a few orders this year rather than his endless jam tomorrow tic that we have just got so bored with?
oh my goodness............!
that's shy of guidance T.Rat.......... ;()
All the best (what will the slug pumping trumps think..... :()
Well the Q&A is interesting.
For all the toys thrown out of prams and foot stamping going on here you'd think more would have taken the opportunity to ask questions.
Just for fun:
"Q8: You mentioned that Skin Trust Club should get to 20k per month, will that equate to about £1m per month for 2022?
£75 per test x 20,000 per month"
'course that's UK only. At half capacity that's £750,000 a month. 9 million for the year....
Q34: Reference field trials for the PD and the BT, are you able to give a more detailed schedule for completion?
Field trials are completed for Microtox PD in wastewater and data is being transmitted to third party evaluators. We are merely awaiting release from NDA's.
https://www.investormeetcompany.com/investor/meeting/interim-results-virtual-roadshow