LCD Cycle

11 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Oct 29, 2016 by Chris Koerner · said 9 times in 1 episodes since 2016 · across every show →

Mentions by year

brought up most by Nathan Latka (8), Chris Koerner (1)

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Everything said about LCD Cycle, oldest first

Oct 29, 2016
Assertion Not checkable as stated
LCD Cycle Grew Revenue to $4.8M in 2014, $8.8M in 2015
“So we did 2.1, and then 2014, that was 2013, 20 14, we did 4.8, and then last year in 2015, we did 8.8.”
Chris Koerner Oct 29, 2016 ▶ 5:15 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016
Assertion Not checkable as stated
LCD Cycle Generated $2.1M in Revenue in 2013
“First we opened on January second, so 2013 was a full year. We did 2.1 million that year.”
Chris Koerner Oct 29, 2016 ▶ 5:03 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016 positive
Assertion Not checkable as stated
Over 80% of LCD Cycle Customers Order at Least Twice
“That just means it's a customer that's not just ordering once, right? A customer that's ordering at least twice is over 80%.”
Chris Koerner Oct 29, 2016 ▶ 13:02 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016 neutral
Prediction Not checkable as stated
LCD Cycle Expects Around $6.5 Million in 2016 Revenue
“We're actually looking to do about six and a half this year.”
Chris Koerner Oct 29, 2016 ▶ 11:31 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016 neutral
Assertion Not checkable as stated
2015 Supply Shortage Spiked iPhone Screen Prices From $25 to $65
“The reason for our high top line number last year was because there was such an incredible shortage in the market. That the average price of screens went from like, 25 to 65 dollars, and so our top line just went through the roof, whereas the number of actual …”
Chris Koerner Oct 29, 2016 ▶ 11:44 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016 positive
Assertion Not checkable as stated
LCD Cycle Posted 32% Gross Margins, $800K Profit on $8.8M Revenue
“So our gross margin is about 32 and net is about eight percent. So we did about, 800 grand on 8.8 million.”
Chris Koerner Oct 29, 2016 ▶ 6:44 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016 neutral
Assertion Contradicted
US Market Has About 13,000 Smartphone Repair Shops
“There's about 13,000 repair shops, and we supply them parts.”
Chris Koerner Oct 29, 2016 ▶ 4:46 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016
Assertion Not checkable as stated
LCD Cycle Surpassed One Million Total Parts Shipped
“So, it's been almost four years, and we have, we just eclipsed our millionth part.”
Chris Koerner Oct 29, 2016 ▶ 8:22 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016
Assertion Not checkable as stated
Screens Account for 70% to 80% of LCD Cycle Sales
“Mostly, yeah, we do, you know, we've got a few hundred SKUs, but I mean, 8070, 80% of what we sell are screens.”
Chris Koerner Oct 29, 2016 ▶ 8:46 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016
Disclosure
Koerner Launched LCD Cycle by Wiring Entire $30K Savings to China
“So we started I took that 30 grand from, you know, the merger sale or whatever. And I literally, like four days later, I wired all of it to China on just a hope and a prayer that I would get some parts back.”
Chris Koerner Oct 29, 2016 ▶ 7:12 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
Oct 29, 2016
Disclosure
Koerner Turned Down $1M VC Term Sheet Due to Slow Process
“I raised a million bucks last year from a VC firm in Birmingham. And They took so long to actually, you know, come to the table with the term sheet that by the time they did, I really didn't need the money anymore. We kind of worked through our cash flow issue…”
Chris Koerner Oct 29, 2016 ▶ 13:47 EP 462: $8.8M 2015 Sales of iPhone Repair Parts with CEO Chris Koerner
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