FFR passes 1,000 robots delivered after its U.S. stock market listing
FF EAI Robotics Ecosystem's FFR shipped 351 devices in October, bringing its total since late February to 1,168 units, and opened a New York regional office.
FFR, part of California-based FF EAI Robotics Ecosystem Inc., says it sold and shipped 351 robots in October, a monthly record. Since sales began at the end of February, the total has reached 1,168 units, the first time it has passed 1,000. The company says each unit is delivered at a positive gross margin. The figures come from the weekly report of YT Jia, who recently became FFR's CEO, published after the company listed on the U.S. stock market.
FFR expects to average more than 400 units a month in November and December. That supports its full-year target of about 2,000 devices from the acquired robotics business, counted on a standalone basis. Education is the leading business, spreading from Los Angeles to the Bay Area and Silicon Valley. Security and inspection is at proof-of-concept stage, while commercial and industrial uses are still being developed.
The company also opened its New York regional operation and has started recruiting business partners across New York, New Jersey, Massachusetts, southwestern Connecticut and eastern Pennsylvania.
Why it matters
The numbers are reported by the company itself, and the report gives no revenue, profit or customer breakdown, nor a split between humanoid and bionic robots. Watch whether November and December shipments reach the 400-unit monthly pace, and whether the new East Coast channel adds sales beyond schools.
