RE:Did you miss FRC last webinar? Here are my key takeaways from this very recent interview:
-Focusing on nailing the production of coffee pods first
-Potential partners waiting for demonstration of ability to scale the business
-Looking to expand into the compostable packaging segment/remain in the food space
-Was approached to develop yogurt containers, cosmetic and protein jars
-BPI certification is ongoing. Expected within the next few quarters. Full time PhD working on it. Don't expect any issues.
-About 30% margin at this time on the pods
-Between $5-8M in revenues expected this fiscal year
-Between $30-40M in fiscal year 22/23.
Lots of upcoming calalyst and yes risk. Patience required.