The IOT Group (ASX: IOT)
IOT Group (ASX:IOT) recently completed its first batch of sales for its Air-Selfie and ROVA products — with most outlets selling out.
The interest in its drone products, has seen IOT experience a very high level of repeat orders, with orders received from Amazon and B&H increasing by over 200% in the lead in to Christmas.
Further repeat orders coming from B8TA, Best Buy US and B&H Photo should advance the company’s revenues into the Christmas period and beyond.
That interest continues to rise, with IOT’s products highlighted as ‘the hottest gadgets for Christmas 2017’ by the Sunrise breakfast TV show this morning.
Looking at 2018, IOT could get a real boost after signing a major US television ad deal that would put its drone products in front of multi millions of people.
NCIS is the third most watched scripted show on American television with an average of 10 million viewers in the US and a total global viewership of close to 50 million. Superior Donuts is a US sitcom with an average viewing of 5 million per episode.
Advertising to this viewership it will certainly bring enormous awareness to IOT products.
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Barely a week after releasing its AirSelfie and ROVA products to stores, IOT had sold out of all of its stock and is now scrambling to fill orders in time for Christmas.
If the interest in IOT’s products continue to grow at this rate, the $7 million capped company could enjoy an extended festive cheer.