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Summary for Nostro
Based on last quarter's results Nostro Inc. is improving in the work horse segment and falling behind in the traveler segment. However we revised both brands to meet the exact needs of the target market and also revised our advertising strategy. While conducting analysis of our competition it was apparent that although we offered similar products at similar prices our advertisingstrategy was different. Therefore we reanalyzed how to accurately convey our product to our target audience and revised the advertising strategy.
In regards to our pricing strategy we started offering rebates in each of our regions last quarter which paid off as our overall financial performance is slowly starting to come out of the red. Moving forward we will be offering a point of purchase display for our New Millennium in hopes to further boost revenue. In regards to our fixed costs we have decided to invest in research and development regarding our work horse segment which will increase our annual fixed cost, however we hope increase revenue.
The marketing strategy for Nostro Inc. continues to target large competitive segments in large geographic markets which include our North America segment in New York and our Asian segment in Tokyo. Both cities have a multitude of competition providing similar products regarding the work horse segment. However we plan to corner the market in both regions by providing our consumers state of the art computers with the latest technology paired with portability and convenience through our next generation of innovative designs.
Since wecreated a new strategy to modify our product targeting for the workhorse segment to meet the demand of the consumers. With our new office in Los Angeles we anticipate an increase in sales within the next two quarters. We've been able to purchase added features that will attract more consumers in our target market areas. With the changes we have implemented Nostros Inc. is expected to stay in the top 3 companies for product. The first year financial anticipation for our company is below.
Q1
Q2
Q3
Q4
Q5
Q6
Q7
Q8
Revenues
0
410,008
1,496,915
2,461,050
4,090,550
7,866,400
10,788,300
Rebates
42,800
71,250
118,125
227,500
311,250
Cost of goods sold
248,114
866,040
1,274,798
1,850,903
3,163,501
4,189,084
Gross margin
161,894
588,075
1,115,002
2,121,522
4,475,399
6,287,966
Sales office leases
200,000
330,000
Sales force expense
323,478
251,000
Brand promotions
Special programs
Ad creation/revision
60,000
30,000
Point of Purchase Display expenses
400
200
Advertising expenses
91,078
69,644
501,658
Engineering cost for new brands
120,000
Market research
87,999
40,000
Operating expenses
834,556
651,044
1,172,858
1,375,336
1,375,536
Operating profit
-87,999
-120,000
-672,662
-62,969
-57,856
746,186
3,099,863
4,912,430
Research and development costs
2,501,461
1,705,542
1,591,839
Set up costs for new sales offices
300,000
130,000
Net profit for division
-420,000
-802,662
-192,969
-2,689,317
-1,089,356
1,378,024
4,782,430
Cumulative net profit for division
-507,999
-1,310,661
-1,503,630
-4,192,947
-5,282,303
-3,904,279
878,151
OXO value proposition. What value proposition does OXO provide to these customers? Is this value proposition different/same as competitive offerings? How so
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