Description

The Company acquires and re-sells pre-owned, off-lease or depreciated IT assets and operates from two strategically located facilities. The Company provides complete IT asset lifecycle management including acquisition, processing, marketing, resale, fulfillment and logistics. Best-sellers include notebooks, laptops, desktops and other high-margin used computer equipment. The Company is a recognized leader in Apple brand which continues to garner a larger and larger share of the off-lease market.
An ISO 9001-certified supplier, the Company’s facilities house a combined total of 56,000 square feet and has capacity to double existing business volume. Product suppliers are primarily computer leasing firms, recyclers, auctioneers and end-users companies. The Company has about 250 active wholesale customer accounts and about 4,000 retail customers. About 75% of gross margin is generated from vendors through direct purchase with the remainder by bid and consignment. All products sold online are rigorously tested by the Company’s certified technicians and are free of cosmetic defects. In addition, the Company has developed a proprietary integrated technology platform that management believes allows the Company to achieve significantly higher ROI than its peers.
Sales for 2016 are expected to total $21 million, rising 15% over 2015. Adjusted EBITDA for 2016 is projected to exceed $2.5 million. According to a new report published by Transparency Market Research entitled "IT Asset Disposition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024," the ITAD market is expected to reach a value of $18.2 billion by 2024, up from $9.9 billion in 2015. The market is estimated to expand at a CAGR of 7.1% from 2016 to 2024.

Posted Oct 19, 2016

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