Last week, BlueFin Research addressed the positive Blaze launch and raised questions. Launch May Not Actually Be Strong : While the above point about strong initial sales is encouraging, on the flipside, it must be mentioned that it appears the strong initial sales push was mostly from inventory build. The successful launch indicates that there is still a good deal of interest in the Fitbit concept and argues against the idea that the company has been riding a fad.Ĭheering the success, Fitbit stock took off on the good news. Amazon reviews for the products have them well ahead of previous Fitbit models. These figures were ahead of internal forecasts.īoth products have gotten excellent reviews. Successful Blaze Launch : As of the end of March, Fitbit announced that more than a million Fitbit Blaze smartwatches and 1 million Fitbit Alta wristband units had been sold in their first month on the market. Throwing a watch into the mix would allow them to move these products beyond just the phone ecosystem. Under Armour has already been buying fitness apps such as MapMyFitness and MyFitnessPal. The company has the funds and management flexibility to go on an acquisitive spree. The company is on a hot streak following the hugely successful Stephen Curry line of basketball shoes. Who might want to buy? The most logical takeout partner may well be Under Armour ( UA ). There's much less risk for a potential suitor at this price point. At $15, a buyer would only need to offer something in the low 20s to succeed. When FIT stock was at $40 or $50, a buyer had to have great confidence that a deal would work. Full year 2015 brought earnings of 77 cents per share, leaving the PE on the the stock at a reasonable 20.īuyout Target : With the plunge in FIT stock, it raises the probability that a bidder will come for the company. Unlike many of the hot tech stocks, Fitbit is strongly profitable on an earnings per share basis as well. 9 Stocks to Buy for Rip-Roaring Growth Potential.That's well into the high-quality tier of consumer tech products. The company earns a 48% gross margin and 19% operating margin on sales. By 2014, this was up to $745 million, and in 2015, things were into overdrive, with revenue soaring to $1.9 billion. In 2012, the company sold just $76 million of product. Following increasing doubts about the sustainability of the company's business model, FIT stock suffered cardiac arrest, slumping from $50 to $12.Įxplosive Growth : Fitbit is the sort of massive growth story that gets Wall Street most excited. Since then, it's seen a drastic change in the health of the company's shares. Companies who need to scale inventory management across their entire operation can upgrade to the Stockpile Reports enterprise version, giving them unlimited measurements, the ability to measure larger piles, bunkered material measurements, carry out aerial measurements via drone, and managing all the data and insights across all their locations via the Stockpile Reports enterprise web portal.FIT stock surged following the IPO, rising to has high as $51 per share last summer. Independent tests have shown the measurements to be within 1% to 2% of LiDAR (laser measurement) surveys. The app captures high resolution imagery that is then uploaded to the cloud and processed to generate a report. Stockpile inventory can be done quickly and on site teams can be empowered to take measurements as and when required.”Īfter downloading the app ( search ‘Stockpiles Lite’ in the app store), users point the iPhone camera at the surface of the pile and walk around its perimeter. The Stockpile Reports Lite app also helps end the age-old battle over material volumes, creating smooth, accurate transactions for everyone. “Construction professionals can now get measurements quickly, before an expensive measurement team even has time to arrive on site. “Businesses can potentially stop costly disputes and save thousands of pounds by using technology such as the Stockpile Reports Lite app,” explains David Boardman, CEO of Stockpile Reports. Disputes are common in the UK construction industry and the National Construction Contracts and Law Survey, found that 30% of firms had been involved in at least one dispute in a 12 month period alone. Resolving those disputes requires bringing in measurement crews, taking days, and often costing around £1,000. Fights over the amount of material bought, sold, produced, or delivered have been a long-standing battle in the quarrying and construction industry. New research from UCR Ventures, the developers of the Stockpile Reports Lite application, has found that when it comes to measuring stockpiles of material, its iPhone app could potentially save construction firms thousands of pounds’ worth of delays and disputes.
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