Turning the Corner
During challenging coronavirus times, our business is performing exceptionally well. Our July sales exceeded our entire sales for the first three months of the year.
NEW BUSINESS AND PARTNERSHIPS
Expanding Global Footprint
Business Highlights
YTD Results: $386k favorable on EBITDA
145% increase in Iridium usage
60% of current customers have placed follow-on orders
Our land and expand strategy is working
51% of our monthly subscription revenue comes from existing customers
188 qualified leads YTD
20% sales conversion
37 new customers
Continued Global Expansion
70 customers operating in 50 countries
New EVERYWHERE Products
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EVERYWHERE Iridium Edge SolarThe EVERYWHERE Iridium Edge Solar is a slap and track, standalone and programmable, solar-powered Short Burst Data (SBD®) device that offers real-time GPS tracking and local wireless sensor and communication capabilities over Bluetooth. This device opens a new market segment of asset tracking. EVERYWHERE was sourced by Iridium as one of the select companies for launching this product.
Samples in September with shipping in Q4. |
EVERYWHERE AppRelease 1.6: Expanding the inReach feature we recently launched, inReach Companion App users can now send text messages to SMS and email recipients. With full integration with your phone’s Address Book, text messages can be sent to any combination of internal and external recipients. This external messaging feature will help drive higher service revenue.
The new app release is available now on the iOS App and Google Play stores. |
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Montana 700i by GarminGarmin hardware with EVERYWHERE software solutions. This durable, water-resistant handheld is tested to U.S. military standards and features a glove-friendly 5” touchscreen. When paired with the EVERYWHERE App and Hub, users can expand the capabilities of team communications, monitoring and SOS.
The EVERYWHERE Montana 700 series by Garmin is set to ship in September. |
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SALES SUCCESS
263 Deals • $8.6M Potential Value
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Key Sales Targets within
Mining, Government & Energy
2020 Revenue Sources
The Garmin partnership has significantly expanded our market combined with the exceeded expectations for our smartphone app strategy. From our existing customer base, 51% of our revenue comes from follow-on orders, which reflects customer confidence in the EVERYWHERE solution.
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Smartphone Apps: 90% contribution margin
Conversions: Existing Garmin inReach customers switching to EVERYWHERE Follow-on Orders: Existing EVERYWHERE customers expanding deployment |
66% Subscriber Growth in Last 30 days
FINANCIALS
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IN CLOSING
Our Board approved a convertible note capital raise. If you would like to learn more, please contact me.
Having powered through the coronavirus challenge, we are off to a strong Q3 start as we continue on our journey to build a profitable company that will save lives and connect people around the world.
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Thank you for your support
-Patrick
-Patrick