Mark Fortunatow, CEO of telecommunications tech company MGM Wireless Limited (ASX:MWR), talks about new products, results and strategy at FNN’s Investor Event.
Key points: - Listed in 2003
- AUD$58.4 million market capitalisation
- Trading at all-time highs this month
- First kids smartwatch to be a commercial success outside of China and Korea
- Sales distribution through major retailers including JB Hi Fi, Spark, Leading Edge Computers and Spacetalk
- 8,600 units sold in first 12 months totaling 1.93 million in sales
- Now in 270+ stores
- Expecting to see increase in sales over Christmas and in the back to school period
- Paid dividends for three years
For more, watch the CEO, Mark Fortunatow, present.
