BUD - Buddy Technologies

[aus_trader]

ASX MARKET RELEASE
LIFX Achieves 30 Day Sales Record Exceeding A$30m
SUMMARY
● Total orders for LIFX Smart Lights received over the prior 30 days for the holiday period have now eclipsed A$30m, making this the largest 30 day sales period in the Company’s history

● This comes as LIFX has received new contracted purchase orders for approximately US$4.5m (A$6.2m) of LIFX smart lights, largely for the coming holiday quarter

● These holiday quarter orders exclude LIFX Clean and LIFX Switch, both of which are also expected to be ordered subsequently

● Retailer orders to meet holiday quarter demand began as early as August, and are expected to continue well into the next quarter.

16 September 2020 - Adelaide, Australia Buddy Technologies Limited (“Company”) (ASX:BUD), a leader in IoT and cloud-based solutions for making spaces smarter, is pleased to announce that following receipt of new contracted purchase orders totalling US$4.5m (A$6.2m) from existing retail and distribution partners, the Company has now achieved its largest ever 30 day sales period.

Total contracted purchase orders received over the prior 30 days now exceeds A$30m, which is a new record for the Company, and is a very robust result given the worldwide economy and global impact of the COVID-19 pandemic.

You can find the rest of the announcement, on the announcement itself.
$1 million per day in orders average for August, that's nice.

Still waiting on announcement re the LIFX Clean product test for COVID19 efficacy/ killing outcome.

Interesting that they are getting good sales in the current environment. I think this could set the stage for a sustainably profitable company when the economies return to some form of normal.

 

[frugal.rock]

A nice overall positive review announcement for August.
The future is really looking brighter for Buddy, just my illuminated, COVID19 free, opinion.
Although, the price after rising before the announcement today, had settled back.
Shaking, shaking!

 

[PatMC]

A nice overall positive review announcement for August.
The future is really looking brighter for Buddy, just my illuminated, COVID19 free, opinion.
Although, the price after rising before the announcement today, had settled back.
Shaking, shaking!

I also found that quite positive, fundamentally speaking once that product of 'Disinfecting Light Bulb' is released. It will only drive sales.

Hopefully every health organisation in the world buys in bulk, would love to see that announcement. Man can dream

 

[over9k]

I wouldn't be surprised if they just licenced the tech to GE or something. That's probably how I'd do it.

 

[frugal.rock]

ASX MARKET RELEASE
1st October 2020

LIFX to Launch Exclusive Bundles at Costco, Adds Lowe’s to Triple
U.S. Retail Doors

SUMMARY

● LIFX will sell its range of smart lights to U.S. consumers through Costco (NASDAQ:COST - the third largest retailer in the world) and Lowe’s (NYSE:LOW - the
second largest hardware chain in the world)

● Lowe’s has placed purchase orders to begin stocking LIFX product on a holiday promotion in all 2,200+ North American stores this quarter

● In line with Costco’s business model, it will stock exclusive LIFX smart light bundles initially on Costco.com with assortment expected to grow to all of their nearly 550 warehouse clubs across the U.S. in 2021

● The addition of Costco and Lowe’s is expected to add more than 2,500 new big box
retail locations at which U.S. consumers can purchase LIFX smart lights, at once nearly tripling on-shelf availability of LIFX products in the United States.

 

[Bazzi]

I got a buy trigger on the system I follow for BUD which would hopefully continue the uptrend to end of October. I hold slight share and that is why it is my choice for October tipping competition

 

[frugal.rock]

ASX MARKET RELEASE
Amazon Launches Prime Day LIFX White + Alexa Device Bundles;
Record Sales Expected
SUMMARY
● Record LIFX unit sales anticipated from Amazon Prime Day 2020, following the launch of
Prime Day deals where Amazon will bundle a free LIFX White smart light with the purchase of select non-screen Alexa devices such as Echo Dot and Echo Flex

● Amazon has purchased quantities of LIFX White smart lights to facilitate these deals,
which will be promoted by Amazon and sold as part of Amazon’s U.S., Canadian, Mexican and European Prime Day promotions

● Amazon Prime Day is historically Amazon’s largest shopping event, with deals offered exclusively for Amazon Prime members, and will be held October 13-14

● Amazon has previewed one such deal, offering an Amazon Echo Dot and a LIFX White together for US$18.99

● The 2019 Prime Day event saw over 175 million items sold, from more than 1 million deals offered to Amazon Prime members, eclipsing the previous Black Friday and Cyber Monday sales (combined).
13 October 2020 - Adelaide
9:26am

Now, We have a pause in trading..... deliciousness...

 

[frugal.rock]

With the NASDAQ up 2.56% last night, Buddy should crank today.

No indicative price, but open is looking at a nice gap up to open circa $0.075...ATM

I suspect that the next announcement may be regarding the COVID19 killing ability testing of the LIFX CLEAN units....
fingers crossed Bazzi !

 

[PatMC]

With the NASDAQ up 2.56% last night, Buddy should crank today.

No indicative price, but open is looking at a nice gap up to open circa $0.075...ATM

I suspect that the next announcement may be regarding the COVID19 killing ability testing of the LIFX CLEAN units....
fingers crossed Bazzi !

Very Interested in what is going to happen

Holding a small amount from 0.47c as said before, but thanks again as i think you were the one who tipped me to look at BUD so appreciated.

 

[jbocker]

Nice announcement this morning regarding Amazon potential Prime Day sales. But now a Pause in Trading pending a further announcement??

 

[frugal.rock]

Nice announcement this morning regarding Amazon potential Prime Day sales. But now a Pause in Trading pending a further announcement??

I suspect that the next announcement may be regarding the COVID19 killing ability testing of the LIFX CLEAN units....

Have been waiting for the outcome of testing.... could be the result?

 

[jbocker]

Didnt say if it was an announcement requested by the company maybe it is from the ASX?

 

[frugal.rock]

Dunno, the suspense is killing me though... have to go and do some day job stuff, if I miss the show I will be disappointed.
Not fussed about selling, just like a good data show... that's my weird brain for you !

 

[frugal.rock]

Off and racing on a 0.074 start.
Some clarification to previous announcement.

 

[over9k]

Yeeeeep. Fingers crossed that it's another DEG.

 

[jbocker]

New Announcement: US Home Shopping channel to give LIFX exposure in December. Expecting the LIFX Clean to be included. I would expect a lot of interest in these antibacterial germicidal smart lights. The LIFX products will be televised demonstrations that will show the ease of use. This could be excellent marketing for the technophobic and techno-illiterate.
Announcement also highlights the success of the Amazon Prime Day promotion - Top of the list of sales (4 bundles selling per second) and sell-outs throughout Europe!

Sorry Having trouble linking announcement from ASX at the moment. (I am not being techno-illiterate, its them OK! Them dang young whipper snippers. Back in MY day we would....)

 

[frugal.rock]

Last paragraph from today's announcement.

"Demand for LIFX products has never been stronger, and we are delighted to be manufacturing at pace once more, in order to meet this demand.
While we don’t anticipate the supply chain to be fully free of disruption until into 2021, the present status is encouraging."

Read, their selling faster than they can make them.... kind of a nice problem is one way to look at this.
Can only hope the supply chain stays healthy...

 

[PatMC]

Well that partnership worked a treat selling out all stock on the AMAZON + LIFX deal.

 

[frugal.rock]

Monday, 19 October 2020
Letter to Shareholders.

SUMMARY:

● The Company recorded consolidated revenue for September 2020 of A$2.6 million, in a strong result for an expected slower month; up from August (A$2.0 million) and down from September 2019 (A$2.8 million)

● EBITDA for September was a record A$510k, which beat management forecasts (up from -A$514k in August, and up significantly from -A$978k in September 2019)

● Government subsidies & rebates were A$1.3m, up from August (A$276k)

● Q1FY21 was the Company’s first EBITDA positive quarter, with consolidated revenues for
the quarter of A$9.5m (up from A$7.9m for Q1FY20), and quarterly EBITDA of A$32k (up significantly from -A$2.9m for Q1FY20)

● Total current assets were A$9.5 million, down from August (A$9.8 million), comprising A$4.6 million of trade receivables, A$2.3 million of inventory and $2.6 million of cash.

 

[over9k]

All solid.