Question 1

Hi. What are your revenue goals for the next 5 years? I'd like to get an idea of what kind of sales growth you are aiming to achieve year by year. Thanks.

Accepted Answer

Revenue 2020: $7.3M, 2021: $10.2M, 2022: $20.5M. 2023/2024 is not yet available.

Question 2

How many units each month are you now selling? Since I understand the purpose of this raise is to be able to produce more units to meed rising demand, what is your current amount of units being sold? Can you have confidence that if you ramp up production to make more units tha...

Accepted Answer

In the last two days, we have been selling at a rate of more than 300 Mevo Plus per day - a run rate of 9,000 per month if sustained. In the USA, we will be out of our 3,000 Mevo Plus camera stock before the end of this week (sales have again doubled since we created this page). The first 1,000 Mevo Start due to arrive mid-April are already sold. The following 4,000 due in May will likely be sold to resellers before they arrive. Our goal is to order another 10,000 Mevo Start as soon as possib...

Question 3

Wefunder is asking for Social Security number and I am not comfortable with that. Do we need to do that through them, or can we have documents explaining this process and we can give to the financial department and accounting for MEVO.

Accepted Answer

I believe that this is a requirement from the SEC as part of regulation crowdfunding. All I can say is that at Mevo, we certainly trust Wefunder with our business data and investment escrow.

Question 4

You’re going public. Does that mean you’ll be listed on a stock exchange? Also are you saying that any investment made through Wefunder will be converted into shares of the aforementioned stock? I think you have a great product, and I’m excited to hear you’re innovating and ad...

Accepted Answer

Hi Asher, The Wefunder transaction is not a donation or a product pre-order such a Kickstarter:  instead you would be purchasing stock from Mevo Inc. which might have value and liquidity at a later date. Typically private startups can produce a return to their holders of stocks from the following scenarios: (a) Being acquired (b) Paying profit dividends to shareholders (c) Going public at which point the stock is liquid and tradable. a, b or c are not guaranteed and will not occur i...

Question 5

Right now there is a high demand for Mevo cameras due to the social distancing and coronavirus pandemic. How do you see the company doing after this all passes? Do you estimate your sales dropping?

Accepted Answer

The current demand proves that there's a much larger market for Mevo cameras than we had reached. It is likely that sales will not remain at 10x forever and soften at the end of the pandemic - but now every house of worship, education and government entities, small businesses realize that they need a live streaming solution in place. As a result, we expect Mevo demand to remain higher than it was before the pandemic and we expect that our future marketing campaigns will convert better since t...

Mevo

The world's only camera designed for live streaming events

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$768,130

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