Reading through the transcript... "Collectively
Post# of 32971
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Posted On: 05/16/2022 11:14:14 PM
Reading through the transcript...
"Collectively, the vendors committed through May 10 generate approximately $4B in US ecommerce sales annually ."
Add in the other 90 companies now so almost double my numbers. I was assuming that included brick & mortar so my % was lower. So if 10% of their sales was with Verb's Market, that would be $400M and once again, a multi-billion dollar valuation. That's just with the signup in the first 3 months before even the Wander event. 190 companies.
"Our goal is to be able to accommodate hundreds of new vendors per day and over time, thousands per day with little intervention from any our sales and onboarding team members."
Imagine Verb signing up 100-200 companies a day what that will do to the bottom line.
"we’re now onboarding 8-10 vendors a day."
That may triple the number of vendors by mid Summer.
"Due to the volume of inbound interest, we are prioritizing vendor acceptance and onboarding based on certain criteria – chief among them is annual sales volume in excess of $5M together with a measurable online following through social media."
So my number before was $400M. Now it's $1.2B at 10%
and if majority are $5M+ vendors, it should be even higher
Oh and IF it's only 1%, that is still $120M.
4 times the CURRENT market cap, but put together your own models and do your own DD.
In other news...
"Accordingly, in Q1 2022, we terminated our office building and warehouse leases in Utah and entered into a new office sub-lease agreement in Lehi, Utah, for smaller space, saving us over $270,000 a year ."
Verb's new Utah office on the right...
"Collectively, the vendors committed through May 10 generate approximately $4B in US ecommerce sales annually ."
Add in the other 90 companies now so almost double my numbers. I was assuming that included brick & mortar so my % was lower. So if 10% of their sales was with Verb's Market, that would be $400M and once again, a multi-billion dollar valuation. That's just with the signup in the first 3 months before even the Wander event. 190 companies.
"Our goal is to be able to accommodate hundreds of new vendors per day and over time, thousands per day with little intervention from any our sales and onboarding team members."
Imagine Verb signing up 100-200 companies a day what that will do to the bottom line.
"we’re now onboarding 8-10 vendors a day."
That may triple the number of vendors by mid Summer.
"Due to the volume of inbound interest, we are prioritizing vendor acceptance and onboarding based on certain criteria – chief among them is annual sales volume in excess of $5M together with a measurable online following through social media."
So my number before was $400M. Now it's $1.2B at 10%
and if majority are $5M+ vendors, it should be even higher
Oh and IF it's only 1%, that is still $120M.
4 times the CURRENT market cap, but put together your own models and do your own DD.
In other news...
"Accordingly, in Q1 2022, we terminated our office building and warehouse leases in Utah and entered into a new office sub-lease agreement in Lehi, Utah, for smaller space, saving us over $270,000 a year ."
Verb's new Utah office on the right...
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