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From: Market Eyewitness <donotreply@wordpress.com>
Date: Thu, 8 May 2014 10:02:11
To: <mainandwall@gmail.com>
Subject: [New post] The RoboticValet = Potential Game-Changer?
Post : The RoboticValet = Potential Game-Changer?
URL : http://marketeyewitness.com/the-roboticvalet-potential-game-changer/
Posted : May 8, 2014 at 6:00 am
Author : Andre Waldron
Tags : 10-Q, AGV, automated guiding vehicle, automated parking, autonomous, battery-powered, BMER, Boomerang, Boomerang Systems, cars, demand, Ferris Bueller's Day Off, liquidity, obstacles, parking, parking garage, product, R&D, revenues, robotic parking system, robotics, RoboticValet, robots, Seinfeld, throughput, trays
Categories : Robotics
I'm sure that many of you that are reading this have experienced sub-par situations when it came to parking in a parking garage. Certainly, there is the basic annoyance of driving around and around (and around again) to find a parking spot in a crowded parking garage. Perhaps you were like the cast of "Seinfeld" in the classic episode "The Parking Garage" and just forgot where you parked your car.
Worse yet, a parking valet may have broken the 8th Commandment while parking your car. Perhaps he may have taken it on a joyride like the scene in "Ferris Bueller's Day Off".
Boomerang Systems (BMER) has provided a solution that may essentially eliminate all of these unfortunate scenarios with its revolutionary RoboticValet ® product. ( http://boomerangsystems.com/products/roboticvalet/ ) Boomerang's RoboticValet ® is an automated robotic parking system that incorporates battery-powered robots. These battery-powered robots transmit cars ( http://marketeyewitness.com/nokia-joins-self-driving-space-targets-google/ ) parked on autonomous stacking steel trays in any direction. Because of this, the robots are able to steer the cars through obstacles as well as sizable or asymmetrically shaped garages. Additionally, the robots can react to surges in demand by navigating from one floor to another.
Additionally, the trays enable the robots to move underneath the parked cars easily as well as to curb any issue with cars that have slow leaking tires. The stacking steel trays ( http://boomerangsystems.com/benefits/roboticvalet-advantages/ ) are able to lift and move a car without touching the car at all. The trays can spin 360 degrees on floors made of solid concrete. Currently, Boomerang Systems has the RoboticValet ® project in seven different locales.
Boomerang Systems ( http://boomerangsystems.com/about/overview/ ) is based in Florham Park, NJ and maintains an engineering campus in Logan, Utah. Boomerang Systems claims to be the only firm worldwide that parks cars in this manner. The firm has stated that they have pioneered automated guiding vehicle ( http://boomerangsystems.com/products/roboticvalet ) (AGV) technology. Additionally, Boomerang Systems is an industry leader in terms of throughput.
According to their latest 10-Q ( http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9684699-252522-256001&type=sect&dcn=0001144204-13-069568 ) , Boomerang Systems is very vulnerable in terms of liquidity. It's current ratio and quick ratio totals were 0.75 and 0.26 respectively. Revenues doubled by nearly 200% year-over-year to a total of $1,040,628 million due in large part to the RoboticValet ® project ( http://boomerangsystems.vnewscenter.com/exhibitorfiling.do?source=HTML&filingId=25636&companyId=8702 ) . Unfortunately, the cost of goods sold surpassed the revenue increase. Furthermore, Boomerang Systems's 1st quarter revenue total was a little more than half of its revenue ( http://finance.yahoo.com/q/is?s=BMER ) from last quarter.
Boomerang Systems expenses decreased by over $880,000 from the first three months of 2012. R&D expenditures decreased by $535,509 due to the fact that fewer resources were needed to complete R&D projects during the quarter. Additionally, Boomerang Systems scaled back its salary-related expenditures. The firm reduced about $250,000 in salary-related expense according to their 10-Q. ($55,000 in sales and marketing, $195,000 in SG&A)
Currently, Boomerang Systems trades at $1.40 and is vulnerable to say the least. An eye will be kept on this firm to see if a pattern of consistent growth and expansion begins in future quarters. If that happens, one has to assume that it will be due to the RoboticValet ®
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