Our operational adjustments to overcome these unusual times.
Hello everyone,
First let me say that I hope you and your family are safe during this outbreak. Inside the company, we took an advanced step and had everyone start working remotely more than a week before being told to do so. As a result, I am happy to report that none of our employees or their families are sick.
We have made a number of operational adjustments to continue our work during this crisis. If you remember, one of our goals was to make all games have the option of being hardware free. We prioritized that work and will have it go live on the platform STEAM March 31st. There are three reasons we like the platform STEAM. First, it only deploys to desktop applications, PC and Mac; therefore there will be no decrease in hardware demand as practically zero of our hardware customers use desktops. Second, STEAM has 30 million active users that download games daily. Third, we will be among the only educational games available on the platform and will be special and get attention as a result.
We have also taken this extra time to add more polish to Monstrous Molecules. We have included the option of playing as a female hero, added more cut scenes, more story line, and enhanced overall game play. This game will debut on STEAM as well, though a week or two after the launch of the other three games, Cork the Volcano, Swatch Out!, and Abacus Finch.
Our Kickstarter for Vector generated more than $540k in pre-orders for our updates. We are planning on delivering the updates well ahead of schedule (we promised the fall of this year). We are now getting regular orders online. Thus, the plan for converting Vector into a long term sustainable MRR model is successful. This is extremely important because out of all of the assets from Anki, this asset was the riskiest of all of them because of its ongoing cloud expense.
We are continuing the resurrection of Cozmo's manufacturing and we believe we have made an important breakthrough in R&D for Overdrive that will rekindle excitement among fans.
There is a saying I'm quite fond of that is credited to William Arthur Ward, "The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails." We are being realists and are adjusting accordingly.
That's all for now. Stay safe everyone!
Sincerely,
Jacob