2019 is in the bag and 2020 is off to a strong start. This is the year we become a revenue generating company, and we couldn't be more excited.
We are on track to launch Countdown this Summer, providing ample time for further positive reviews to percolate and lead us into what we are anticipating will be a strong 2020 holiday season.
Below are the major events over the last month and notable upcoming events.
CES Roundup: Liz Hughes (CBO) and Alex Andreae (CEO) attended CES January 8th-11th which was extremely productive. Highest profile meetings & events we had:
We've received manufacturing quotes for Countdown lining up with our original projections of $12-15 per unit, going down further at higher volumes (>10k). We are still targeting a $40 retail price, providing healthy margins. We anticipate a larger manufacturing run this summer to build up inventory for holiday 2020.
For our first production run, tooling costs look to be around $20-25k, meaning the full first production run of 5k units will be under $100k. Tooling is a one-time setup fee, so future production runs will require less capital.
Once manufacturing starts for Countdown, we'll begin prototyping our next toy. It will share many technical features of Countdown, but focus on a new game concept. Development time should be drastically reduced due to infrastructure and R&D investments in Countdown.
We currently have 2 more tech toys and one non-tech toy under consideration beyond Countdown.
Thank you for investing, or considering it. 2020 is shaping up to be an excellent year!
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