Genesis
| Version |
Production |
Qty Mfg’d |
Cost/Unit* |
Total Cost |
| v1.2 |
Apr, 2017 |
350 |
$678 |
$237,300 |
| v1.3 |
Oct, 2017 |
300 |
$728 |
$218,400 |
| v1.4 |
Aug, 2018 |
300 |
$790 |
$237,000 |
| v1.5 |
Feb, 2020 |
125 |
$797 |
$99,625 |
| |
Dec, 2020 |
127 |
$812 |
$103,124 |
| v1.6 |
May, 2022 |
127 |
$974 |
$123,698 |
| |
Jul, 2022 |
125 |
$1,022 |
$127,750 |
| All |
|
1,454 |
|
$1,146,897 |
Genesis XL
| Version |
Production |
Qty Mfg’d |
Cost/Unit* |
Total Cost |
| v1.4 |
Aug, 2018 |
200 |
$936 |
$187,200 |
| v1.5 |
Feb, 2020 |
150 |
$942 |
$141,300 |
| |
Dec, 2020 |
73 |
$950 |
$69,350 |
| v1.6 |
May, 2022 |
73 |
$1,136 |
$82,928 |
| |
Jul, 2022 |
125 |
$1,180 |
$147,500 |
| All |
|
621 |
|
$628,278 |
Express
| Version |
Production |
Qty Mfg’d |
Cost/Unit* |
Total Cost |
| v1.0 |
May, 2020 |
175 |
$435 |
$76,125 |
| v1.1 |
Oct, 2022 |
180 |
$623 |
$112,140 |
| All |
|
355 |
|
$188,265 |
Express XL
| Version |
Production |
Qty Mfg’d |
Cost/Unit* |
Total Cost |
| v1.0 |
May, 2020 |
250 |
$486 |
$121,500 |
| v1.1 |
Oct, 2022 |
180 |
$682 |
$122,760 |
| All |
|
430 |
|
$244,260 |
* Cost/Unit does not currently include tooling fees, shipping fees, or import taxes. Future columns will break out these costs in order to calculate total cost of goods sold (COGS).
KPI: Cost/Unit
Lowering the cost to manufacture kits is a critical pathway towards reaching more people with FarmBot technology. In our first few versions of FarmBot, our cost/kit actually raised due to increased quality and hardware features. Over time however, economies of scale and improvements to the manufacturing and supply chain should lower our cost to manufacture kits. Future product lines that are more simple and less expensive to produce will also help lower our average cost/unit.