Fullup finished it's R&D and industrialisation phase late 2018 and it know ready to take the product to the market. Early revenues account for 156.000€ until 12/2018 and 40.000€ for the two first months of 2019 in its commercial launch.
Investments are slowing down and marketing costs are increasing.
Fullup is still taking a margin on the hardware sale.
Fullup sells the hardware as a service and is taking a monthly fee on the use of its device and the software attached. The lifetime of the customer is expected to be 5 years with a 5% churn rate.
Staffing is the most important.
Stock is financed through debt, and we have short production delays to guarantee us a minimum stock.