“For small, when we made like eight, like in a working, you know, small batch, it was $380 COGS. We believe in this next batch, we're going to get it to under $150. And then once we invest in more tooling, I want to get it to be well under $70. So good margins, right?”
Jack Walters · The Pitch · HapWare: A Wearable to Help the Blind "See"
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17:54
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What was described
reduce COGS from $380 in a small batch to under $150 in the next batch and target under $70 with tooling
$380 COGS small batch; < $150 next batch; < $70 target; 75% hardware margin
Said nearby on the same subject
“By invoicing faster and in smaller batches, he cut day sales outstanding to half the industry standard, resulting in a one-time cash benefit that he values between $100,000 and $150,000.”
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