Core Points - Redodo is offering significant discounts of up to 70% on its products during the Black Friday and Cyber Monday sales, with additional limited-time discount codes available [1][5] - The company promotes a special deal where customers can buy four batteries and receive a fifth one for free, limited to the first five customers [1][3] - Redodo provides high-quality free gifts based on order value, enhancing the overall shopping experience [3][4] Product Offerings - The company features a range of bestselling LiFePO4 batteries with substantial price reductions, such as the 12V 100Ah battery reduced from €289.99 to €209.99 [6] - Additional models include the 12V 100Ah H190 Bluetooth battery, now priced at €235.99, and the 24V 100Ah battery, reduced to €369.99 [6] - Free chargers and battery monitors are offered with larger purchases, incentivizing higher order values [7] Company Overview - Redodo is recognized as a leading brand in the LiFePO4 battery market, emphasizing safety, long runtime, and high energy efficiency [5] - The company caters to various applications, including motorhomes, solar storage, camping, and emergency power solutions [5]

Core Insights - Redodo is launching its October Prime Day Early Sale, offering significant discounts on LiFePO4 batteries from September 22 to October 8, with a 30-day price guarantee [1][12] - The sale includes exclusive deals, member rewards, and promotional gifts, aiming to attract customers before the main Amazon Prime Day event [2][4] Discounts and Promotions - Customers can enjoy discounts of up to 55% sitewide during the Prime Day Sale on October 7-8, with additional 8% off for members and double reward points [2][4] - Special promotions include daily flash deals, gift-with-purchase for orders over $600, and a lucky wheel for additional prizes [4][12] Featured Products and Pricing - Notable battery deals include: - 12V 100Ah LiFePO4 Lithium Battery: Originally $219, now $179 - 12V 300Ah Deep Cycle Lithium Battery: Originally $519, now $493 - 48V 100Ah Golf Cart Lithium Bluetooth Battery: Originally $899, now $788 [5][10][11] Brand Positioning and Market Strategy - Redodo positions itself as a leading brand in the LiFePO4 battery market, focusing on high-performance energy solutions for outdoor activities [15] - The company emphasizes direct shopping benefits, avoiding delays associated with third-party platforms like Amazon [8][12]

Financial Data and Key Metrics Changes - Revenue in Q4 2024 totaled $2 million, an increase of 131% from $0.9 million in the prior year period, primarily due to increased OEM sales [29] - Gross profit in Q4 2024 was $438,552, or 22.1% of revenue, compared to $205,114, or 23.9% of revenue in the prior year, with the decrease attributed to OEM customer discounts [30] - Net loss in Q4 2024 was $251,647, an 88% improvement from a net loss of $2.2 million in the same year-ago period, driven by sales growth [31] - Full year 2024 revenue totaled $5.6 million, a decrease of 6% from $6.0 million in the prior year, mainly due to decreases in the consumer market [32] - Full year 2024 net loss was $13.5 million, compared to a net loss of $7.5 million in the prior year, impacted by a one-time expense related to a warrant feature [35] Business Line Data and Key Metrics Changes - The E360 product line is noted as a preferred conversion solution for lead acid batteries, with significant sales growth and over 300 customers across the U.S. [12] - The home energy storage solutions (HESS) product line is expected to benefit from a fast-growing market, with shipments beginning in January 2025 [14][27] - The RV market is recovering, with September 2024 RV shipments up 7.7% year over year, indicating healthy momentum [20] Market Data and Key Metrics Changes - The home energy market is projected to surpass $123 billion globally by 2029, presenting a significant opportunity for the company [28] - The company anticipates generating incremental revenue of approximately $5 million for fiscal year 2025 from new OEM partnerships and distributors [38] Company Strategy and Development Direction - The company is focused on expanding its distribution channels and leveraging its reputation in the lithium battery space [14] - A partnership with Neovolta is being explored to engineer a U.S.-based battery manufacturing facility, which is timely given recent tariff implementations [15][16] - The company aims to enhance its product offerings and features to penetrate the OEM market further [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025 and beyond, highlighting new OEM partnerships and the demand for high-quality lithium battery technology [37] - The anticipated revenue growth from new partnerships is expected to increase gross profits by an estimated $1.4 million for fiscal year 2025 [38] Other Important Information - The company closed a registered direct offering in January 2025, with gross proceeds of approximately $2.6 million, intended for working capital and growth initiatives [18] - The company has 11 patents pending, indicating a robust intellectual property portfolio [24] Q&A Session Summary Question: What products and customers drove the performance in Q4? - Revenue growth was driven by expanding and new OEM relationships, with unique product features contributing to this performance [43][44] Question: Can you talk about the gross margin profile in fiscal year 2025? - Historically, the company has operated with gross margins just above 20%, and management believes home energy storage market sales will help increase these levels [45][46] Question: What has been done to hedge risks related to tariffs? - The company brought in more inventory in anticipation of tariffs and worked with suppliers to share the tariff burden, passing some costs to customers [47][48] Question: Any update on new OEM partners and customers? - The company is seeing growth with new OEMs and established relationships, driven by an expanded product line and features [51][52]