Armbrust American

“That for five million in investment, I could build the capability of making a billion masks, and then we would have that forever.”

“We have some hospital groups who have come to us and said, look, 30% of our PPE needs to be purchased in the United States next year, which was not a thing ever before, so they're looking at that strategically.”

“The peak we got to was about a million masks per day when we were running three shifts all the time.”

“And yeah, we raised about five million dollars in a weekend.”

“We have a 15 person sales team. We're the only surgical mask manufacturer that has a 15 person sales team.”

“Our costs are down to about five cents a unit.”

“We've got about 2000 customer investors who are using the money to buy other machines. We bought an N-ninety-five machine. We were buying machines to make the, you know, head coverings that folks wear, the boot coverings.”

“And so we spent probably about a quarter million dollars turning some existing space that was very nice space, class A warehouse into a clean room space”

“It was just over ten million dollars in about six months of time.”

“What I did was I created a royalty based model. Where it is, it's structured as a note that is paid back as the machine makes money. And then once the investor hits their one X of payment back, then it flips into a royalty agreement where they make money for t…”

“We had to go from, you know, four people to 50 you know, overnight.”

“If I need to put it in a box and send it to one person, that is like twice the cost of actually producing.”