RE: Masks4 Mar 2021 12:02
So we have already had order number 308. Mine was at 9.16am (order number 208) for 200 masks (2 of my children are on the front line)
Current overheads are c£536k pa, and let's say that increases by 50% with the momentum of the sales and production = £804k pa
If each order averages 50 masks at a price of £1.30 and there are, conservatively, 500 orders a week FROM THE WEBSITE PLATFORM ALONE., that's sales of £1,690,000 per annum. A gross profit of 60% (conservative) = £1,014,000.
Do the maths yourself, but this product is easily on a breakeven curve, in the short term, without bulk orders and ratcheting up the numbers from partnership and distribution agreements.
This RNS is only the very first of, I hope, a long line of good news!
I am a shareholder of 8.6million. DYOR Good luck all LTH's!