The Ledger
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Nobal sells iMirror units for between $2,500 and $15,000
“We sell them anywhere between 2500 to 15,000 US, depending on the size and configuration.”
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.”
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'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.”
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 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.”
Nobal Technologies has generated $1.2 million in cumulative revenue since 2014
“We've done 1.2000000.”
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”