Ahalife Holdings Limited (ASX:AHL) CEO and Founder Shauna Mei discusses the company’s latest financial results and outlook at the ASX Spotlight Series 2016, New York So Ahalife Holdings Limited
(ASX:AHL) we’re a global marketplace for luxury lifestyle goods. Basically what that means is we sell products from all over the world, from over 200 countries around the world. Selling everything you buy for your home, design, gifting etc. in a marketplace, from anywhere you are.
The focus of the company is really inspired by the fact that when we travel all over the world, we find all these amazing products. But they’re not distributed everywhere, right. So the idea is how can we bring them altogether for the consumer that’s evermore digital. They want a one-stop shop to be able to buy everything, from the best hand-blown wine glasses in the world to the latest gadget, from one place.
The company’s done phenomally well; we grew about 145 per cent this last quarter. Year-over-year it’s basically grown over 200-300 per cent, since the beginning of the company. I think our business is all about really building and scaling this platform. So we’re working in the $273 billion industry, of which we want one per cent of that market share. We’re the only mover in the entire space, first mover, no competition. So it’s really just about getting as quickly as possible to that scale.
We don’t hold any inventory; it’s a marketplace. It’s like the Uber if you will, to buy artisan goods. So what that really means is that our fixed costs are actually fixed. So remaining the same over the past five years, while revenue has doubled and tripled. So getting to profitability is around the $20 million mark and as soon as we get to profitability, we’ll continue to reinvest that cash and get to market share.
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