Everything Benedict Eicher said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Eicher: Heavy machinery is the only reliable construction data source
“These machines are on a construction site, the only reliable data source.”
Eicher: Software alone cannot win the construction market
“And if you want to be The number one partner for construction companies. Only code won't bring you far.”
Eicher: Construction companies typically own 60% and rent 40% of machinery
“And if you're a construction company, the typical split would be 60%, your own machines, 40% rented machines.”
Eicher: Flexcavo funds machines with debt at 1.5x to 3x coverage
“That facility is basically paid off by our machines. So we don't use equity to cross finance machines. We calculate basically on a debt coverage ratio and our machines have a typical debt coverage ratio between 1.5 and three X on depth. So the debt service is …”
Eicher: Construction software churns if foremen reject it, despite CEO approval
“Because if you talk to the CFO, to the CEO, they might like the software. However, the real user of that is in the end, the foreman on a construction site. And you need to understand how they tick because if you simply sell a software in the after sales and cu…”
Eicher: Flexcavo holds over 10M in equipment inventory on balance sheet
“Way above ten million.”
Eicher: Flexcavo owns over 400 machines and manages 10,000 client units
“Over 400 on our own fleet. However, we manage over 10,000 Pieces or units for our clients.”
Flexcavo's gross margin is split 50/50 between rentals and software
“However, on a gross margin perspective, it's a fifty-fifty split.”
Flexcavo's Largest Customer Manages 20,000 Units on Its Platform
“We're out in the business of helping clients with 50 plus units, up to 20,000 units currently with the biggest client.”
Eicher: Flexcavo Aims to Surpass $300k Monthly Revenue in 2022
“I mean, clear goal is basically surpassing on an overall basis the 300 K monthly revenue, adding both streams up.”
Eicher: Flexcavo grew revenue 18x from Q1 2021 to Q1 2022
“I think from Q one, 20, 21 to Q one 20, 22, we grew 18 X.”
Flexcavo charges €500 to €1,500 monthly per 100 equipment units
“For a hundred units you would pay depending on what kind of service you would opt for somewhere in between, let's say a 500 and a 1500 years per month.”
Flexcavo Serves 10 to 20 Paying Software Customers
“There we've been working in the range between 10 and 20.”