Devialet's ambitions

[radamel]

Interesting article about Devialet's beginnings and ambitions:


https://www.bloomberg.com/news/features/2017-03-01/devialet-and-the-coming-sonic-boom

 

[sq225917]

Gotta get the money in somehow, cos 250 staff aren't surviving on the sales of a few hundred amps and speakers.

 

[radamel]

Gotta get the money in somehow, cos 250 staff aren't surviving on the sales of a few hundred amps and speakers.

According to the article they had 60 million EUR in revenues last year. So they sold at least a few thousand amps and speakers.

If you do the math the average revenue per worker was 240,000 EUR which doesn't strike me as particularly bad.

 

[Joco]

£60,000,000 turnover now and lots of Investors, thanks radamel

 

[YNWOAN]

Is the revelation that a heavily financially leveraged company plans to do a lot of expansion, sell a load product and (hopefully) make a bunch of profit?

The back story is amazing though!