CSIMarket
 
Sense Technologies Inc  (SNSGF)
Other Ticker:  
 
 

Sense Technologies Inc's Customers Performance

SNSGF

 
SNSGF's Source of Revenues Sense Technologies Inc's Corporate Customers have recorded an increase in their cost of revenue by 17.81 % in the 4 quarter 2016 year on year, sequentially costs of revenue grew by 32.62 %. During the corresponding time, Sense Technologies Inc recorded revenue increase by 213.86 % year on year, sequentially revenue grew by 4251.92 %. While revenue at the Sense Technologies Inc's corporate clients recorded rose by 55.24 % year on year, sequentially revenue grew by 59.05 %.

List of SNSGF Customers




Sense Technologies Inc's Customers have recorded an increase in their cost of revenue by 17.81 % in the 4 quarter 2016 year on year, sequentially costs of revenue grew by 32.62 %, for the same period Sense Technologies Inc recorded revenue increase by 213.86 % year on year, sequentially revenue grew by 4251.92 %.

List of SNSGF Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-86.33 % 0.7 %



Sense Technologies Inc's Customers, Q4 2016 Revenue Growth By Industry
Customers in Construction & Mining Machinery Industry -99.48 %   
Customers in EV, Auto & Truck Manufacturers Industry      2.55 %
Customers in Auto & Truck Parts Industry      3.99 %
Customers in Communications Services Industry      9.9 %
Customers in Internet Services & Social Media Industry      14.45 %
Customers in Cloud Computing & Data Analytics Industry      1.39 %
Customers in Automotive Aftermarket Industry      1.85 %
     
• Customers Valuation • Customers Mgmt. Effect.


Sense Technologies Inc's Comment on Sales, Marketing and Customers



The end user of our Guardian Alert® Doppler Awareness System product is the safety conscious vehicle owner or operator seeking to minimize the risk of loss associated with backing accidents. Users of backing awareness sensing products, may purchase the product as a factory installed option from the vehicle manufacturer, purchase the product after-market or directly from distributor for installation in commercial or fleet vehicles, or purchase as an after-market consumer add-on to their vehicle.

Accordingly, the target market for our Guardian Alert® Doppler Awareness System product can be identified as follows:
· Manufacturers of vehicles, including cars, sport utility vehicles, light trucks, heavy vehicles and equipment, and original equipment suppliers to these manufacturers.
· Owners of commercial fleet vehicles and government departments and agencies using fleet vehicles.
· Consumer outlets of after-market automotive accessories, including dealerships, automotive service shops and automotive retailers, direct sales via the Internet and infomercials.

The North American automotive manufacturers segment has been growing consistently for the last several years beginning with the emergence of the minivan as a force in the market and continuing with the more recent trend towards sport utility vehicles. We believe this segment and the large luxury sedan segment provide the best markets for our products. Our primary efforts will initially be focused on the mid to higher end of this market that is expected to be less price sensitive and more interested in new technologies. We are actively marketing to decision makers in the original equipment market through manufacturers. Our marketing emphasis has, however, been to the higher margin market including dealerships and consumer outlets. Dealerships provide an opportunity to add our product to a vehicle after it leaves the manufacturer, but before it is sold.

The 200 million vehicles currently on US roads also provide a number of opportunities for marketing our backing awareness products. There are also eight million large trucks owned by commercial enterprises and approximately 4.5 million fleet vehicles on dealership service plans, which provide a significant point of sale opportunity. Millions of vehicles each year are repaired at collision centers, which could offer the product in conjunction with the repair of a rear bumper. Additionally, most new car warranties require regular oil changes, which are often performed at dealerships. These visits will provide additional point of sale opportunities for dealerships that are already stocked with Guardian Alert® Doppler Awareness Systems.

Our product can result in economic benefit as well as improved vehicle safety to fleet operators and consumers in these markets. Based on our research and experience in the fleet market tells us that fleet operators and risk managers place a greater emphasis on statistical economic analysis than consumers. Equipping fleets of vehicles requires a significant capital expenditure that needs to be evaluated relative to the fleet owner's other needs and limited capital.

We believe that consumers weigh cost, safety benefit to persons and property and aesthetic appeal in making a decision to purchase a backing awareness product. We believe that the products ease of demonstration and high degree of functionality can provide a consumer with an appreciation of the benefits in protection of property and person. We estimate the cost of a system installed on a consumer vehicle would generally range from $300 to $700, which we believe would appeal to most new-vehicle buyers that are interested in the safety and protection aspect of the product. In perspective, the cost of the product is less than typical insurance deductibles and therefore avoiding one incident would allow the product to pay for itself. In addition to actual repair cost, Guardian Alert ® Doppler Awareness System purchasers also receive the benefit of saving the considerable time and inconvenience of having their vehicle repaired and processing insurance claims. Our product can also be installed beneath the plastic skin of a bumper, thereby not altering the appearance of the vehicle.

The potential market for ScopeOut® is owners or operators of cars, vans, SUV’s and trucks worldwide. There are over 200 million vehicles on the road at any given time, and 16 to 18 million new vehicles being built and sold each year. In combination with our Guardian Alert®, we have the only “Surround Safety System” that addresses all the blind spots encountered around the rear of most vehicles at a cost that permits us to set price points that are affordable for most consumers.

There are a number of ways to market this product, either individually, or as a combination.

Marketing outlets include, but are not limited to, the following:

New and used auto dealers
AAA Insurance
AARP
Mass merchandisers
Drugstore chains
Insurance companies
Rental car companies
Electronics stores
Supermarket chains
Independent auto aftermarket stores
OEM market
Internet and infomercials
QVC and HSN