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Leet Technology Inc.  (BDIC)
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Leet Technology Inc's

Competitiveness


 

BDIC Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Leet Technology Inc reported Total Revenue increase in the 2 quarter 2022 by 184.36 % year on year.
The revenue growth was below Leet Technology Inc's competitors average revenue growth of 194.39 %, recorded in the same quarter.

List of BDIC Competitors





Revenue Growth Comparisons




Net Income Comparison


Leet Technology Inc. recorded net loss , as well as most of its competitors.

<<  More on BDIC Income Comparisons


Leet Technology Inc's Comment on Competitors and Industry Peers



The business of breathalyzer ignition interlock device industry is competitive, and from time-to-time new companies may appear on the list of approved providers in various states, however, there is a high barrier to entry due to the cost of development fees, manufacturing fees, NHSTA-approved testing, and state field testing. We compete with a number of successful companies in the industry, including, but not limited to, LifeSafer®, Smart Start®, Intoxalock®, Guardian Interlock Systems and Dräger. These larger companies have greater financial resources than we do, have approval in most (if not all) states, and likely have 50,000 of their respective ignition interlock devices on the road each. By comparison we currently have approval in eight states and have approximately 225 units on the road. Although we believe our BDI-747/1 device compares favorably to the interlock devices provided by our competitors, we will need to raise significant capital and gain approval in most states in order capitalize on our BDI-747/1 device. We believe if we do this we will be able to compete better with these larger competitors.

Due to the state approvals necessary to service the judicially-mandated breath analyzer ignition interlock market we believe there is a barrier to entry that will discourage too many other companies from entering the industry. Not only must a new entrant develop and manufacture a breathalyzer device, it must meet the NHTSA requirements, and then get approved by state regulators, all of which can be costly. The complexities and costs of meeting all these steps should keep new entrants into the industry to a minimum.





  

Overall company Market Share Q2 2022

Contrary to strong revenue growth of 184.36 % in Overall company, Leet Technology Inc lost market share within this segment.




<<  More on BDIC Market Share.
 
*Market share is calculated based on total revenue.


BDIC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Leet Technology Inc. BDIC 0.00 0.00 -6.00 3
Sobr Safe Inc. SOBR 0 0.00 7.68 0
SUBTOTAL 0.00 -0.06 1.66 3
       
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