CEO Spotlight: Eightco Holdings Inc. CEO Discusses His Company's Innovative E-Commerce Solutions
Eightco Holdings Inc. (NASDAQ: OCTO) provides inventory funding and management solutions for e-commerce businesses through its subsidiary, Forever 8 Fund The company's CEO, Paul Vassilakos, discussed recent milestones and future plans in an interview. Key points include:
- Regaining NASDAQ compliance with stockholders' equity reaching $13.4 million
- Strengthening the balance sheet by reducing debt and eliminating dilutive warrants
- Doubling gross margins to 22% and reducing SG&A by 23%
- Forever 8's focus on the Apple refurbished products market and broader e-commerce inventory funding
- A revenue target of $100 million in 2025
- Proprietary tools for inventory risk assessment and customer acquisition
Vassilakos emphasized the company's strong position in the market and potential for growth, particularly in serving e-commerce sellers on platforms like Amazon and Shopify.
Eightco Holdings Inc. (NASDAQ: OCTO) offre soluzioni di finanziamento e gestione dell'inventario per le imprese di e-commerce attraverso la sua controllata, Forever 8 Fund. Il CEO dell'azienda, Paul Vassilakos, ha discusso dei recenti traguardi e dei piani futuri in un'intervista. I punti chiave includono:
- Riottenere la conformità con il NASDAQ con il capitale di azionisti che raggiunge i 13,4 milioni di dollari
- Rafforzare il bilancio riducendo il debito ed eliminando i warrant diluitivi
- Raddoppiare i margini lordi al 22% e ridurre le spese generali e amministrative del 23%
- Il focus di Forever 8 sul mercato dei prodotti rigenerati Apple e sul finanziamento dell'inventario e-commerce più ampio
- Un obiettivo di fatturato di 100 milioni di dollari nel 2025
- Strumenti proprietari per la valutazione del rischio d'inventario e per l'acquisizione di clienti
Vassilakos ha sottolineato la forte posizione dell'azienda nel mercato e il potenziale di crescita, in particolare nel servire i venditori di e-commerce su piattaforme come Amazon e Shopify.
Eightco Holdings Inc. (NASDAQ: OCTO) proporciona soluciones de financiación y gestión de inventario para empresas de comercio electrónico a través de su subsidiaria, Forever 8 Fund. El CEO de la empresa, Paul Vassilakos, discutió sobre hitos recientes y planes futuros en una entrevista. Los puntos clave incluyen:
- Recuperar la conformidad con el NASDAQ con un capital de accionistas que alcanza los 13.4 millones de dólares
- Fortalecer el balance reduciendo la deuda y eliminando las opciones dilutivas
- Duplicar los márgenes brutos al 22% y reducir los gastos generales y administrativos en un 23%
- El enfoque de Forever 8 en el mercado de productos reacondicionados de Apple y en la financiación de inventario de comercio electrónico más amplia
- Un objetivo de ingresos de 100 millones de dólares en 2025
- Herramientas propias para la evaluación de riesgos de inventario y adquisición de clientes
Vassilakos enfatizó la sólida posición de la empresa en el mercado y su potencial de crecimiento, particularmente en servir a los vendedores de comercio electrónico en plataformas como Amazon y Shopify.
Eightco Holdings Inc. (NASDAQ: OCTO)는 Forever 8 Fund라는 자회사를 통해 전자상거래 기업을 위한 재고 자금 조달 및 관리 솔루션을 제공합니다. 회사의 CEO인 Paul Vassilakos는 최근 성과와 향후 계획에 대해 인터뷰에서 이야기했습니다. 주요 사항은 다음과 같습니다:
- 주주 자본이 1340만 달러에 도달하며 NASDAQ 준수 회복
- 부채를 줄이고 희석성 워런트를 제거하여 재무 상태 강화
- 총 이익률을 22%로 두 배 늘리고 SG&A를 23% 줄이기
- Forever 8의 애플 리퍼브 제품 시장 및 더 넓은 전자상거래 재고 자금 조달에 대한 집중
- 2025년 매출 목표 1억 달러
- 재고 위험 평가 및 고객 유치를 위한 독점 도구
Vassilakos는 시장에서 회사의 강력한 입지와 성장 잠재력을 강조했으며, 특히 Amazon 및 Shopify와 같은 플랫폼에서 전자상거래 판매자를 지원하는 데 주목했습니다.
Eightco Holdings Inc. (NASDAQ: OCTO) fournit des solutions de financement et de gestion des stocks pour les entreprises de commerce électronique par le biais de sa filiale, Forever 8 Fund. Le PDG de l'entreprise, Paul Vassilakos, a discuté des récentes étapes importantes et des projets futurs lors d'une interview. Les points clés incluent :
- Récupération de la conformité NASDAQ avec des capitaux propres atteignant 13,4 millions de dollars
- Renforcement du bilan par la réduction de la dette et l'élimination des bons de souscription dilutifs
- Doublement des marges brutes à 22 % et réduction des SG&A de 23 %
- L'accent mis par Forever 8 sur le marché des produits reconditionnés Apple et le financement des stocks plus large du commerce électronique
- Un objectif de revenus de 100 millions de dollars en 2025
- Outils propriétaires pour l'évaluation des risques d'inventaire et l'acquisition de clients
Vassilakos a souligné la position forte de l'entreprise sur le marché et son potentiel de croissance, notamment pour servir les vendeurs de commerce électronique sur des plateformes comme Amazon et Shopify.
Eightco Holdings Inc. (NASDAQ: OCTO) bietet Finanzierungs- und Managementlösungen für das Inventar von E-Commerce-Unternehmen über seine Tochtergesellschaft, Forever 8 Fund, an. Der CEO des Unternehmens, Paul Vassilakos, sprach in einem Interview über aktuelle Meilensteine und zukünftige Pläne. Zu den wichtigen Punkten gehören:
- Wiederherstellung der NASDAQ-Konformität mit einem Eigenkapital von 13,4 Millionen Dollar
- Stärkung der Bilanz durch Reduzierung von Schulden und Beseitigung verwässernder Warrants
- Verdopplung der Bruttomargen auf 22% und Reduzierung der SG&A-Kosten um 23%
- Fokussierung von Forever 8 auf den Markt für generalüberholte Apple-Produkte und breitere E-Commerce-Inventarfinanzierung
- Ein Umsatzziel von 100 Millionen Dollar im Jahr 2025
- Proprietäre Tools zur Beurteilung von Bestandsrisiken und zur Kundengewinnung
Vassilakos betonte die starke Marktposition des Unternehmens und das Wachstumspotenzial, insbesondere bei der Unterstützung von E-Commerce-Verkäufern auf Plattformen wie Amazon und Shopify.
- Regained NASDAQ compliance with stockholders' equity of $13.4 million
- Doubled gross margins to 22%
- Reduced SG&A by 23% to $6.9 million in the first half of 2024
- Increased shareholder equity by approximately $23 million
- Set a revenue target of $100 million for 2025
- Developed proprietary tools for inventory risk assessment and customer acquisition
- Expects to raise capital to support growth, potentially leading to dilution
Insights
Eightco Holdings Inc. (NASDAQ: OCTO) is positioning itself as a key player in the e-commerce ecosystem, particularly through its Forever 8 subsidiary. The company's innovative inventory funding and management solutions address critical pain points for e-commerce sellers, especially in the high-demand refurbished Apple products market.
Key financial highlights include:
- Regaining NASDAQ compliance with stockholders' equity reaching
$13.4 million - Doubling gross margins to
22% 23% reduction in SG&A expenses- Ambitious revenue target of
$100 million for 2025
While the company's current market cap of
Eightco's Forever 8 platform leverages advanced data analytics and predictive modeling to optimize inventory management for e-commerce sellers. The proprietary technology offers several competitive advantages:
- Risk assessment tools for efficient capital deployment
- Integration of planning, purchasing and payout systems
- Automated lead generation through Amazon data scraping
- Scalable inventory management solutions
The focus on refurbished Apple products is strategically sound, given the consistent demand and high resale value of these items. The platform's ability to streamline operations for sellers on major e-commerce platforms like Amazon and Shopify addresses a significant market need. However, the company must continue innovating to stay ahead in the rapidly evolving e-commerce technology space and defend against potential competitors entering the market.
Miami, Florida--(Newsfile Corp. - October 8, 2024) - Eightco Holdings Inc. (NASDAQ: OCTO) provides complete inventory funding and management solutions for e-commerce businesses in consumer goods and refurbished Apple products. Through its wholly owned subsidiary, Forever 8 Fund LLC ("Forever 8"), Eightco supports e-commerce sellers by purchasing inventory on their behalf, enabling them to use their capital to grow their brands without the financial strain of maintaining stock.
Forever 8's proprietary data-driven tool allows Eightco to quickly and confidently assess inventory risk levels, allowing for efficient capital deployment. Forever 8's predictive inventory solution seeks to ensure optimal inventory levels and capital management, integrating planning, purchasing, and payout into one easy-to-use system. This model helps e-commerce sellers, including those on major platforms like Amazon and Shopify, avoid negative cash flow positions that typically arise from the need to continuously supply inventory while awaiting payments.
To see how the company intends to accomplish its goal, Hawk Point Media reached out to Eightco's CEO, Paul Vassilakos, to get his take on the market opportunities his company is targeting and how he intends to capitalize.
Here's what he said:
Q. Paul, your company has had a milestone-filled year. How can these affect the rest of 2024 and 2025?
A. First, I think it's fair to describe 2024 as not only milestone-filled but also transformative. Regaining NASDAQ compliance, which we announced last month, is a big part of that. As our recent press release highlighted, the company exceeded listing requirements, including stockholders' equity reaching
Q. Okay, talk about some others?
A. We significantly strengthened our balance sheet. The cornerstone to that was getting rid of dilutive warrants as well as reducing, and in some cases, canceling outstanding debt. All in all, these actions increased shareholder equity by approximately
These operational improvements are vital in enabling Eightco to intensify its focus on building its primary operating subsidiary, Forever 8. We can now devote nearly all our attention to growing that business and maximizing the substantial growth opportunity that we believe exists in Forever 8's target markets during the fourth quarter of 2024 and into 2025.
Q. What does Forever 8 do?
A. Forever 8's strategy focuses on monetizing opportunities from the Apple refurbished products market, particularly high-demand items like iPhones, iPads, AirPods, Apple Watches, and the iPad Pencil. The model works like this: Forever 8 purchases existing inventory from sellers and commits to purchasing future inventory directly from their suppliers, maintaining specific inventory levels to enhance sales and growth. We deploy this model not only in the refurbished Apple products market but also in the broader e-commerce market, funding inventory for sellers of more general consumer goods on platforms like Amazon.
In doing so, Forever 8 provides immediate growth capital and inventory management to e-commerce sellers. I want to point out that we're not supporting the wholesalers but rather the smaller, high-growth brands you see selling their products on sites like Amazon and Shopify. That's important to note, because with our commitment to them on the purchasing of products, their capital can be better used to grow their store through additional marketing, which we see as a mutual value driver.
The part attracting significant attention for e-commerce sellers is that we invoice them monthly for transacted sales after the goods are sold, solving a significant working capital issue for those sellers. Forever 8 charges them its cost plus a markup. In return for that markup paid, not only does Forever 8 fund the inventory, but its tech platform also facilitates the entire inventory management process end-to-end, making it seamless and scalable. We believe this win-win model will enable us to onboard significantly more sellers, which has allowed us to aim toward a stated revenue target of
Q. Are you on track to meeting that goal?
A. We released that goal because we believe it's reachable. Of course, global economics matter, which we think will strengthen in a lowering interest rate environment. Selling into that expectation, we expect to maximize the value from the operational groundwork completed in 2024.
Q. Do you think your stock price reflects the company's current position?
A. With less than 2.5 million shares outstanding, we believe that stakeholders are well-positioned moving forward on a revenue multiple basis. We do expect to raise capital to support growth through next year. However, even with some dilution, we believe the return to our shareholders can be significant by deploying additional capital to serve high inbound demand for Forever 8's services from existing and new customers.
Like every CEO, I pay attention to price but can't obsess over it. However, I can make a case for why the price should be higher based on tangibles. Based on those, we can calculate a fair book value share price of over
Q. Forever 8 is the value driver for now. What is attracting new client interest to support your optimistic expectations?
A. A lot. Particularly, Forever 8's model is in demand, and we believe it deserves to be. Forever 8 provides sellers with a proprietary, data-driven tool that accurately assesses inventory risk. So, instead of purchasing and hoping to sell, we leverage historical sales data, demand trends, and other relevant factors to make informed decisions about which products to stock and in what quantities.
This predictive capability helps us maximize and efficiently deploy capital and minimize risk, creating value for both Forever 8 and its clients. As I noted earlier, the platform's integration of inventory planning, purchasing, and payouts also simplifies the complex process of inventory management. That deliverable enables e-commerce sellers to scale with confidence while reducing their exposure to supply chain uncertainties.
Since we buy and manage the sales dashboard on their behalf and factor in our efficiencies, it's easy to be optimistic about successfully seizing and profiting from our market opportunities.
Q. Those advantages are part of what your company has referred to as "proprietary customer acquisition tools." Explain more about that.
We have developed a proprietary application that analyzes Amazon products to screen for high-performing products sold by sellers who match Forever 8's eligibility criteria. Public Amazon data is scraped and filtered for sales velocity, search rank, known profit dynamics, customer behavior, and geographic location. Accordingly, a list of about 150,000 high-value seller contacts has been created and is regularly updated. These leads are communicated to our CRM and drive our internal sales process.
Q. From reading your company updates, I know there's more to tell. But for today's purpose, can you provide a final message regarding targeted goals?
A. Sure; I think Forever 8 is well-positioned to grow its revenues and client base through the significant demand for refurbished Apple products, as well as its ability to provide a unique and highly efficient inventory capital solution to the growing number of brands that are selling on major platforms, especially the largest ones like Amazon.
Our advantage is being different in the competitive landscape, which we expect will help Forever 8 drive revenues to that
Our core business is strong, and we see significant opportunities ahead. So, we are in the right markets at the right time to take advantage of proven and consistent demand for Apple products as well as the growing e-commerce market more broadly. Summing and utilizing the value of our parts, I believe we can and will reward our customers and investors. In other words, we think the best is yet to come.
End interview
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About Eightco
Eightco (NASDAQ: OCTO) is committed to growth of its subsidiaries, made up of Forever 8 Fund LLC, an inventory capital and management platform for e-commerce sellers, and Ferguson Containers, Inc., a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its portfolio companies and stockholders.
For additional information, please visit www.8co.holdings
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop" "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco's ability to regain and maintain compliance with the Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce Eightco's capital resources; Eightco's inability to raise adequate capital to fund its business; the inability to innovate and attract users for Eightco's and its subsidiaries' products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in forward-looking statements, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including in its Annual Report on Form 10-K filed with the SEC on April 1, 2024, as amended. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
Additional Disclaimers and Disclosures: This is sponsored content. Hawk Point Media Group, LLC. (HPM) has been compensated by Interactive Offers to produce and distribute digital content for Eightco Holdings, Inc. It should be expressly understood that HPM is not operated by a licensed broker, a dealer, or a registered investment adviser. It should also be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. HPM reports/releases are commercial advertisements and are for general information purposes ONLY. The information made available by HPM is not intended to be, nor does it constitute, investment advice or recommendations. The contributors do NOT buy and sell securities covered before or after any particular article, report and/or publication. HPM holds ZERO shares and has never owned stock in Eightco Holdings, Inc. While HPM does not own or market shares, it is prudent to expect that those hiring HPM including that company's owners, employees, and affiliates, may sell some or even all of the Eightco Holdings, Inc. shares that they own, if any, during and/or after this engagement period. Always do your own due diligence prior to investing in any publicly traded company. For a full disclaimer and disclosure statement, click HERE.
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FAQ
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