For 2018 we hired a new programmer to help Eric, his name is Stephen.
At this point he is scheduled to take over the current WS switch line and the MANAGER.
Obviously for the first couple months he is learning and will not be playing an active role in development but over the next few months he will move into position and begin to help with development freeing up Eric to concentrate on new product lines that have been languishing in the wings.
Eric will then concentrate on the WS2 line (10G / Layer 3) of switches and "other" products that have been sitting on the engineer's (Dave) desk.
I think Netonix has done well with limited staff and resources, if our customer base remains loyal and we begin to move into the positive cash arenia we can hire even more staff and equipment to further improve our lines and increase our product offerings.
We grew at just under 100% between 2015 and 2016 and just over 30% from 2016 to 2017.
At the current rate of growth 2018 could be a $6 to $10 MILLION year.
Our volumes are rising which will lower our costs which is good because our GPM is too low at around 25% to 30% keeping in mind UBNT operates on 40% - 50% GPM.
This reduction in build costs will result in more resources, more R&D, and hopefully more and even better products moving forward.
Netonix will probably transition from an LLC to a C Corp in 2018 and build a cash reserve which at this point we do not have.
I just thought I would be open and transparent as to where we are, what we have overcome, and where we want to go in 2018 if we are lucky enough to maintain your much appreciated support.
So anyway thanks for your support and here is hopefully to a great 2018 and the year that marks a turning point for Netonix?
