Enwave Corp V.ENW

Revenue from doubling sales

[Awarded]

Question asked: “How much in revenue would a doubling of machine orders suggest for next year?”

It is my understanding that 2021 guidance is for 5 large and 12 small machines and that somewhere the 2022 guidance is for 10 large and 15 small

From my past notes of comments made by management, I have the following for the approximate revenue per machine:
Small:  10 kW -  $0.23 million
Medium 60 kW:  -  $1.3 million
Large: 100 kW -  $2.0 million
Large: 120 kW -  $2.0 million
These figures are a couple of years old.  They may be higher now.

If 2021 machine sales are achieved, the machine revenue will be 5 x 2 + 12*.23 = $12.76 million

If 2022 machine sales are achieved, the machine revenue will be 10 x 2 + 15*.23 = $23.45 million

My notes say that the margin on machine sales is 30-35%.  Using 30%, the gross margin for 2021 could be 12.76 x .3 =  $3.8 million and for 2022 it could be 23.45*.3 = $7.0 million.  
 
IF they can control costs for more than one quarter (that is a BIG IF), they will have impressive results.   

There is also revenue from Nutradried and royalties.

We should remember that machine sales are not the same as revenue flows. I recall someone in management saying 40% is put down on order, 20% comes after 3 months, 20% on delivery and 20% after delivery.

[Benedictus]

Awarded, my notes from Brents investor presentation from Q1 mostly match your numbers although Brent said the larger machines typically get between $2 M  and $3M for GMP. With large scale doubling and small scale up 25% YoY I'm estimating $28 - 30M topline, and assuming 30% GM yielding about $8.4M for FY 22 if guidance is indeed met.  The fact that Brent is projecting 40% REV