Flexcavo

11 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Apr 21, 2022 by Benedict Eicher · said 9 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (9)

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Everything said about Flexcavo, oldest first

Apr 21, 2022
Assertion Not checkable as stated
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.”
Benedict Eicher Apr 21, 2022 ▶ 3:18 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022 bullish
Assertion Not checkable as stated
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.”
Benedict Eicher Apr 21, 2022 ▶ 17:39 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022 bullish
Prediction Not checkable as stated
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.”
Benedict Eicher Apr 21, 2022 ▶ 16:56 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022 positive
Assertion Not checkable as stated
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 …”
Benedict Eicher Apr 21, 2022 ▶ 13:35 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022 positive
Opinion
Eicher: Heavy machinery is the only reliable construction data source
“These machines are on a construction site, the only reliable data source.”
Benedict Eicher Apr 21, 2022 ▶ 1:56 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022
Assertion Not checkable as stated
Eicher: Flexcavo holds over 10M in equipment inventory on balance sheet
“Way above ten million.”
Benedict Eicher Apr 21, 2022 ▶ 2:38 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022 neutral
Assertion Not checkable as stated
Flexcavo Serves 10 to 20 Paying Software Customers
“There we've been working in the range between 10 and 20.”
Benedict Eicher Apr 21, 2022 ▶ 14:26 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022
Assertion Not checkable as stated
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.”
Benedict Eicher Apr 21, 2022 ▶ 6:00 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022 negative
Insight
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.”
Benedict Eicher Apr 21, 2022 ▶ 2:12 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022
Disclosure
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.”
Benedict Eicher Apr 21, 2022 ▶ 7:21 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
Apr 21, 2022
Assertion Not checkable as stated
Flexcavo's gross margin is split 50/50 between rentals and software
“However, on a gross margin perspective, it's a fifty-fifty split.”
Benedict Eicher Apr 21, 2022 ▶ 4:27 He's Making $100k/mo Helping Construction Companies Rent out their Idle Pieces of Equipment
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