The sales projections were $1,500-$2,000 in sales per-month on the Marley Coffee machines. AVT stated that the machines they have put into operation have been exceeding the projection, but by how much I don't know. AVT said they expect to have about 1,000 Marley Coffee machines in operation by the end of this year.
From the number's I've seen it looks like about 40% of the retail price from the machines will go to Marley Coffee (JAMN), so just the machines in operation this year alone should be doing at least $7.2M-$9.6M in annual revenues for Marley Coffee.
There are so many question marks out there right now it's not easy to know exactly what the picture is. This quarterly report should be interesting.
The total sales for Jamn are exceeding expectations. Rev for the QTR will approach 2 million and be over 2 million for Q3 since they have exceeded the 3,000 store counts earlier than projected.
We will see 100% or higher Qtr over Qtr growth this Qtr. we will hit a new 52 week high at .85
The good news just keeps rolling in. Not even the strongest of disbelievers on this board are changing their tune. $1.00 steady price with a few strange spikes to $1.50-$2.00 in the next 6 months is looking good.
Is that what they aid, though? I thought they said that the number of MACHINES was exceeding projections, not the sales per machine. I don't even know how involved AVT would be in that process - they're not involved with stocking the machines, are they?