Sensate is on track to reach a significant milestone: profitability. This achievement is a major step forward for any early-stage tech company, and it speaks to the strength and resilience of our business. Today, we wanted to share an overview of the driving forces behind our path to profitability.
Several key initiatives have contributed to strong business fundamentals:
- Reduction in COGS: We've successfully reduced our cost of goods sold, which has improved our margins and allowed us to reinvest in growth.
- Positive Contribution Margin: Our positive contribution margin indicates that each Sensate sold not only covers its own cost but also contributes to covering fixed costs, driving us closer to profitability.
- Recurring Revenue & Strong Retention: Our new Plus subscription service has been a game-changer, generating consistent recurring revenue and demonstrating strong retention rates. This predictable income stream is essential for achieving sustainable growth.
- Expanding Distribution Channels: By diversifying our distribution channels to include affiliates and practitioners, as well as securing retail partnerships with high profile platforms such as Walmart, LifeMD, and Hammacher Schlemmer, we've increased our reach and tapped into new markets, further accelerating our path to profitability.
Reaching profitability is a significant milestone because it demonstrates the viability and long-term potential of Sensate. It’s a clear signal that we’re not just an effective stress management solution—we’re a sustainable business with a bright future.
This current investment round is pivotal in positioning us to reach this goal. Invest now and be a part of Sensate’s journey as we scale, innovate, and continue to bring effective stress relief to the world. Your support is crucial as we move towards profitability and beyond!
👉 Invest Now with as little as $250 to join us in meeting and benefiting from this milestone.
The round closes on April 25th!
