MOTA, a consumer eletronics firm with offices in San Jose and Shenzhen, China, has filed for an IPO. MOTA announced 6 drones at CES earlier this year. They manufacture drones for both the consumer and commercial markets. The consumer drones come under their JetJat line. There are four: the Nano, Nano-C, Live-W, and Ultra. There are two lines of commercial drones, the Giga and Pro-live. You can learn more about them here.
While the Pro-Live drones are classified by MOTA as commercial, there product description and pricing seem to place them squarely in the consumer space. The MOTA Pro Live-5000 FPV Drone is selling on Amazon for $339.30. This is not a price point one would associate with a commercial drone.
According to their filing, MOTA had revenue in 2016 of $3,977,992 and net income of -$2,431,008. Here is a snapshot of consolidated financial information. You can find additional information regarding the filing on NASDAQ.
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