Question 1

How do you plan to minimize the environmental impact of one off delivery?

Accepted Answer

Hi Mark, When we think about the environmental impact of manufacturing, there are four key areas to look at: 1. What’s the impact of the manufacturing process itself? 2. What’s the impact of the energy used for manufacturing? 3. What’s the impact of the transporting the goods? 4. How much waste is there in the supply chain? Different manufacturing processes have different levels of environmental impact. We have consistently made a point to choose processes that do not create environmental dam...

Question 2

With over 7000 products, it seems that the company vision is to be all things to all people. Is that a correct assumption? If not, how do you define your customer and how large is your market? Also, what's the exit strategy?

Accepted Answer

Hi Kevin, There’s actually one big problem we are trying to solve: to fix US manufacturing through software-driven digital manufacturing. While plenty of politicians wax poetic about the joys of US manufacturing, there’s been a pretty big gap in the question of exactly how US manufacturers will compete. There is widespread agreement that having China manufacture everything and ship it here on big cargo container ships is not working out so well right now. So what’s the alternative? What we’ve...

Question 3

Hello, congrats on your revenue growth from $2M in 2019 to $5M in 2020. Are you going to repeat or exceed this growth rate to get you to the $8-10M revenues range in 2021, or based on Q1, Q2, and Q3 numbers you will most likely plateau around the $5M? Can you license the softw...

Accepted Answer

Hi Vilem, Both 2020 and 2021 have been challenging to forecast accurately; however, our nimbleness at adapting as circumstances and the economy change has served us well so far. With the Delta variant creating hiccups in the economy and the problems we’re seeing with global supply chains, right now our manufacturing team is filling customer orders at a flat out sprint all day every day. We are constrained at the moment by space and the need for additional automation hardware, both of which ar...

Question 4

What is the ROI?

Accepted Answer

Hi Jay, That depends on the scope of the question. :-) If you are asking, "How does Buttonsmith make money?" the answer is that we make money every time we sell a product, aka the old-fashioned way. Our unit margins are pretty high, in the ballpark of 90% when accounting for materials COGS. We also apply some employee labor and incur shipping, sales, and marketing costs, but those are more variable. If you are asking, "What will we be using the investment for that will produce return?" then t...

Question 5

Hi, congratulations on your achievements, well done! Is there a way to see your financial statements for the last 2-3 years? Do you expect competition from the 3D printing industry? Thank you.

Accepted Answer

Hi Boris, Thank you! When we file our Form C, it will include audited statements for the last 2 years, and anyone who has made a reservation to invest will be able to review them prior to any investment becoming final. The work being done in the 3D printing industry is entirely complementary to what we are doing. For any manufacturing technology, it's critical that there be a way to tell the hardware what to manufacture to meet customer needs. The software we have built does exactly that: it ...

Buttonsmith Inc.

🏆 Software bringing American factories into the 21st century

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