| I don't agree with this. I run ArmbrustUSA and can make about 1MM masks per day, and we started at the same time as this company. I think they are just bad at sales. We have government and hospital contracts. But, we are really good at sales. My team is really good at sales. Previously, My President and head of sales ran a medical sales division at a company with 300 sales people. We have about 17 sales folks. And we wouldn't be thriving without that team. They also might not be great at manufacturing. There stuff is really expensive. They are selling an ASTM Level 3 mask for $37.5 + $8 Shipping! That's $0.90 a mask delivered. https://shop.demetech.us/collections/surgical-mask-astm-leve... I can buy a Chinese made ASTM Level 3 masks delivered for $0.18 FROM CHINA. How can they win charging 5 times more? Because "America"? That argument is many a 3x multiple :) If I were to guess by looking at all their photos, it looks they have a very manual process for making masks and packing masks. We've had to semi automate the packaging process to survive (which no one else has done). When we fully automated it later this year we will be able to sell our masks much much cheaper than China can. Our masks sell between $0.20 - $0.59 which is still too high, but all of our margins go directly into investing in the product. |
"If we do not get approval, you will get your money back. You can also cancel at any time."
What does this mean? Are they sold out or are they waiting on government approval? Not very confidence inspiring.