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In a recent bit of stockmarket peeping, we’ve heard that SONDORS’s planned initial public offering (IPO) had to be lowered for the second time this week – and with shares now set at a range of $4-$6, we’re anticipating the worst is not yet over for the electric bike marque.
Currently, SONDORS has listed revenue at a surplus of $5.6 million; while that’s all well and good, Morningstar makes note of the brand’s “net loss of $4.23 million in the nine months through Sept. 30, 2022 – wider than the loss of $1.78 million posted in the year-earlier period.”
A view of SONDORS’ MetaCycle. Media sourced from SONDORS’ Amendment to Form S-1.
This means SONDORS is paying dearly on company expenditures, regardless of the hike from $11.2 million to $16.8 million – and considering their share range was set for $8-$10 in December of 2022 (with 2,500,000 shares of common stock available for the grabbing), we’re going to be keeping a close eye on how 2023 behaves for the fellows.
A view of SONDORS’ MetaCycle. Media sourced from SONDORS’ Amendment to Form S-1.
If you didn’t know, we were able to chat with Cara Pellegrini, a lovely woman who had just received her SONDORS MetaCycle back at the turn of the year; her 2022 MetaCycle Hands-On Review has been able to provide us with a glimpse of what SONDORS offers her clients: A (fashionably late) scoot with 30 miles of range that’s more than happy to punch past her promised specs.
What do you think? What does the future of SONDORS look like?
The post Industry Insider: SONDORS’ Shares Drop Again appeared first on webBikeWorld.
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Currently, SONDORS has listed revenue at a surplus of $5.6 million; while that’s all well and good, Morningstar makes note of the brand’s “net loss of $4.23 million in the nine months through Sept. 30, 2022 – wider than the loss of $1.78 million posted in the year-earlier period.”
A view of SONDORS’ MetaCycle. Media sourced from SONDORS’ Amendment to Form S-1.
This means SONDORS is paying dearly on company expenditures, regardless of the hike from $11.2 million to $16.8 million – and considering their share range was set for $8-$10 in December of 2022 (with 2,500,000 shares of common stock available for the grabbing), we’re going to be keeping a close eye on how 2023 behaves for the fellows.
A view of SONDORS’ MetaCycle. Media sourced from SONDORS’ Amendment to Form S-1.
If you didn’t know, we were able to chat with Cara Pellegrini, a lovely woman who had just received her SONDORS MetaCycle back at the turn of the year; her 2022 MetaCycle Hands-On Review has been able to provide us with a glimpse of what SONDORS offers her clients: A (fashionably late) scoot with 30 miles of range that’s more than happy to punch past her promised specs.
What do you think? What does the future of SONDORS look like?
*Media sourced from SONDORS’ Amendment to Form S-1*
The post Industry Insider: SONDORS’ Shares Drop Again appeared first on webBikeWorld.
Continue reading...
