Nobal Technologies
company on 1 show · 11 statements across 1 episodes · said 9 times in 1 episodes since 2016
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11 statements about Nobal Technologies, every show
Nobal faces a six-to-twelve-month enterprise pilot sales cycle
“It's about a six to 12 month sales cycle once we put in a pilot device and get everyone comfortable.”
Nobal charges a $300 monthly software subscription per smart mirror
“It's a 300 a month. SPEAKER_05: Okay. Nathan Latka: 300 a month. And you pay per screen? SPEAKER_07: Yeah. Peter Boekhoff: You pay for mirror, per mirror.”
Nobal generates an approximate 90% profit margin on SaaS subscriptions
“It's, we're about 90% profit on our, on the software SaaS.”
Nobal is on track to reach $1.2 million in 2016 revenue
“So we'd like to hit one, 1.2 was our projection. So if we can double last year, we're doing well. Nathan Latka: Are you guys on track to do that year? You're almost done with this year. Peter Boekhoff: We are”
Nobal Technologies has generated $1.2 million in cumulative revenue since 2014
“We've done 1.2000000.”
Nobal raised $1 million in equity and over $800,000 in grants
“We did a million about two and a half years ago, and we've got over 800,000 in, in grants and other funding financing.”
Boekhoff says Nobal hardware carries a 40% markup on production cost
“We mark them up about 40%. So say for example, the 5000 dollar version, it's costing us 25 to three grand.”
Nobal's first deployment generated $250,000 in API and integration revenue
“Our first deployment had about 250,000 in integration on the APIs in the back end.”
Nobal generated over $500,000 in revenue from just 10 mirror units
“We've done about 10 and some custom integration. We've done over 500,000 revenue in the last 12 months.”
Nobal generates 70% of its revenue from hardware and 30% from software
“Currently, it's about 70%. As we deploy more units, that's gonna flip as we have more software services, more units are out there in the field, but right now, we're hitting about 70 30.”