Business
BDIC Q2 Revenues Up 146% Company Posts 4 Straight Quarters of Increasing Sales Growth
BDIC Q2 Revenues Up 146% Company Posts 4 Straight Quarters of Increasing Sales Growth.
About this update from Leet Inc.
[{"type":"text","content":"\n \n \n BDIC Q2 Revenues Up 146% Company Posts 4 Straight Quarters of Increasing Sales Growth\n \n \nBDIC Q2 Revenues Up 146% Company Posts 4 Straight Quarters of Increasing Sales Growth\n \n LOS ANGELES, CA--(Marketwired - Aug 23, 2016) - Blow and Drive Interlock Corporation (OTCQB: BDIC), an offender home monitoring and police-grade alcohol detection device manufacturing and distribution company, releases End of Second Quarter Shareholder Letter:\n Dear Valued Shareholders,\n BDIC has just filed its fourth quarterly report (10Q) as a revenue generating company. As the company has done in the past, we want to take an opportunity to update our shareholders on our recent developments, opportunities, and outlook for the remainder of 2016. \n The overall financial outlook for our company is increasingly optimistic. BDIC experienced its fourth straight quarter of revenue growth. Since the company has begun trading publicly, there has not been a single quarter where sales have declined. Our gross revenue last quarter was $96,000; an increase of 146% in revenue from the previous quarter and our cost of revenue to achieve this growth last quarter was only $11,000 against $7,000 last quarter. In addition the value of our machine assets increased from $48,000 to over $187,000 since last quarter. As we have said in the past, this is consistent with our expectations. BDIC business is currently primed and we are actively scaling the business and these quarterly financials reflect a business with compounding and scaling growth. We are anticipating that, moving forward into future quarters, we should be able to increasingly continue growing our revenues. \n Over this last quarter we leased new machines to paying clients as quickly as we were able to produce new inventory. We currently have over 500 machines leased with paying clients and we are on track to meet or exceed our previously stated goal of deploying over 1,100 units by the year's end. As of today, we have an additional 100 machines being assembled and scheduled for arrival at our Los Angeles facility within ten days. It is our expectation to have these machines deployed within weeks of arrival.\n Over this past quarter BDIC attended and presented at ignition interlock vendor conferences sponsored by the states of New York, Pennsylvania, Kentucky, and Tennessee. We met and presente...