Strong revenue growth in July
With the opening of our second unit we saw revenues increase significantly. This proves our capability to quickly launch units and get them up and running. July revenue came in at 188 500 SEK. We expect August to barely surpass that number. With 10 days left we are at 162 200 SEK.
Our units combined generated a profit of X SEK during July and Y SEK in August. This gives a profit margin of 44%, which is above our financial model and it’s a testament that the model can be very successful
Our financial planning was based on the fact that our Seed round would be closed by August. However, the current market situation has pro-longed the closing and in order for us to operate without any disruption the founders issued a convertible note of 1M EUR to the company.
Cash in bank is currently approx 12M SEK
The cohort analysis is based on the first purchase date i.e. if a customer makes their first purchase in May everything is attributed to that month. It’s encouraging to see that our guests are returning and that the order value increases as they return back to BonBot. We believe we have a lot of new features that will drive retention, from gamification to loyalty and push notifications.