ManInTheWaLL
Banned
The 40 million was across the whole company. Looks like they were shooting for half billion in sales this year company wide.
Bottom line is a company is going to make a profit or they won't won't stay in business. Minelab has way more resources than anybody else from what I've seen. They are a big player in gold detection. counter-mine detection, and recreational detectors. They sell plenty of detectors to stay viable. 3 buddies and including myself= 10 Minelab detectors purchased in a small area of N.E. Arkansas. There is a officer in town that stopped and talked to me. He said he had an Equinox. I went to a golf course refurb in Memphis 4 etracs there and 2 Equinoxes, and we were there at the tail end of it.
I still wonder what percentage is commercial/military.
It takes a lot of units produced to make $ on the consumer market. On the other hand, if you are the only one making the product, selling it to a government, thats a lot more profitable, plus they always order 10X handles at inflated prices, etc.
I wonder what company makes mine detectors for China.