Boxabl

FOOD & HOUSING

8 Apr

Founded in 2017, it is based in Las Vegas, NV, and employs around 75 people. The company is part of the PropTech vertical at IPO CLUB.

What is BOxabl?

Manufacturer of modular factory-built houses designed to lower the cost of homeownership. The company specializes in building customized rooms in a precision factory environment while reducing the cost of construction, thereby enabling consumers to own houses at cost-effective prices.

How to invest in Boxabl?

BOXABL FIVE INNOVATIONS TO HOMEBUILDING

The Casita: Boxabl product represents a new take on modular construction. A factory finished room module system that can be quickly stacked and arranged on site, and that provides the majority of the building envelope and functions.

Shipping: The design achieves the largest possible room that is able to fit into standard shipping dimensions, meeting highway, sea, and rail transportation requirements.

Smart Manufacturing: Casitas are not built like traditional homes; they have been engineered with mass production in mind. The factory was designed in partnership with Porsche Engineering.

The System: It can build Casitas in different sizes, with different floorplans; the builder can stack, arrange, and dress the boxes however they desire for a custom building.

Building Materials: The wall design doesn't use standard lumber framing, but laminated panel technology that includes steel skin, expanded polystyrene (EPS) foam, and concrete board.

Business Development

Boxabl has received $4,622,784 million in revenues under the terms of the contract to date. As of December 30, 2021, they have received over 4,000 deposits from potential customers of $100, $200, or $1,200 for over 4,400 Casitas, and in total, they have received interest from more than 70,000 additional potential customers wishing to reserve their place in line for when production of the Casita begins. If each of the 70,000 potential customers, who have all agreed to their Room Module Order Agreement, purchases a single Casita, that extrapolates to potential revenue of more than $1 billion. There is significant market interest in the product based on receiving reservations of interest from over 38,000 customers through their Room Module Order Agreement. They received the equivalent of “reservations” from hundreds of professional builders (no deposit was taken).

Who owns Boxabl?

Boxabl is a private company owned by Paolo & Galiano Tiramani, IPO CLUB, Blazing Equity, WeFunder, Dalmore Group, and more than 40k retail investors, which is why the Boxabl stock symbol does not exist yet and will be created upon Boxabl's IPO.

What is an IPO?

When will Boxabl go public?

This is always a speculative question. The company has raised over 65% of its equity needs; the remaining funding should come from debt. So we think Boxabl could become publicly traded after Factory 2 is commissioned and delivers homes quickly.

Boxabl stock

As you can see from the graph below, the drop in Q2 2023 is, in our opinion, the result of a few short-term investors cashing in on the stock's good performance, especially when compared with the rest of the private markets. Boxabl's stock price prediction based on the projected sales volumes of the Casita can be a misleading approach, as it may overlook significant aspects of the business, most notably capital expenditures (CAPEX). CAPEX refers to the company's funds to purchase, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment. In the context of companies like Boxabl, the CAPEX required to set up manufacturing processes can be substantial.

A significant upfront cost is involved in establishing a high-functioning and efficient production line that upholds the standard of innovation. This initial investment can have a massive impact on the company's financial health, often leading to lower profit margins in the early stages, even if sales are strong.

Therefore, investors must consider the company's profit margins, not just sales, when evaluating its worth. The margin indicates the company's profitability and reveals much more about its financial health. It clarifies how well the company controls its costs, operational efficiency, and potential for future profitability.

As long as the company reports annually, it may be hard to track the marginality, but at the time of the Boxabl stock IPO, there will be more information on their S-1 filing.

Boxabl stock price source: IPO CLUB Valuation at Market©

For more coverage about Boxabl stock, subscribe to our club letter

Most Recent Financing Status

The company raised $5 million in venture funding from undisclosed investors on February 24, 2022. Previously, the company raised $50 million in equity crowdfunding through a combination of debt and equity via Republic and Dalmore Group on November 12, 2021. Previously, the company raised an undisclosed amount of venture funding from Giant Ventures and Chasella in August 2021. PreIPO Club, Blazing Equity, MSA Capital (Family Office), and RG Holding also participated in the round. On April 1, the company commenced a Reg A sale of securities. As of today, the company states that it has sold $16 million worth of Boxabl stock.

Is Boxabl a good investment?

A good investment depends on a variety of factors, including the company's financial health, the market demand for tiny homes, the regulatory environment, the state of the real estate and construction industries, and more. We think that Boxabl is ahead of all competition and is riding a favorable megatrend for small, factory-made homes. Investing in any company, including startups like Boxabl, involves risks, and it's essential to conduct thorough research, consider getting advice from financial advisors, and understand your risk tolerance and investment goals before making a decision.

How much is a Boxabl home?

The casita is conveniently priced at $60,000 as of July 2023.

When will Boxabl be available?

Boxabl is a revenue-generating company, and it has shipped casitas since 2022, though not at a high output rate. We expect 2024 to be the year that Factory 2 is commissioned.

Boxabl competitors

Boxabl has not only redefined the paradigm of modular home construction but has also positioned itself as a market leader, unrivaled in its innovative approaches to factory production, manufacturing, and transport. The company has managed to carve out a unique niche, leaving smaller competitors and those less innovative far behind.

While there may be a smattering of minor competitors in the marketplace, none have been able to match Boxabl's prowess, particularly when it comes to their superior factory, manufacturing, and transportation methodologies. They have, to date, showcased an impressive ability to overcome traditional construction obstacles with their revolutionary manufacturing systems and ingenious designs. This, coupled with their distinctive method of “flat-pack” transportation, has allowed them to achieve unprecedented cost, time, and efficiency savings.

In an industry known for its resistance to change, Boxabl's unyielding commitment to innovation has set a new standard, transforming the landscape of affordable housing. It's a testament to their forward-thinking approach and their refusal to settle for anything less than groundbreaking.

The smaller companies and those lacking similar levels of innovation have a lot to learn from Boxabl. While competition fuels growth and diversification in any sector, at present, it is clear that Boxabl reigns supreme in this industry, largely unchallenged.

Looking to the future, it is anticipated that Boxabl will continue to dominate and shape the industry, inspiring new trends and fostering a climate of ingenuity and advancement. As it stands, the gap between Boxabl and its competitors seems only to widen, underscoring the company's unrivaled place within the world of modular home construction.

Boxabl and Elon Musk

In 2022, the Tesla Inc. CEO made headlines by revealing that he owns a tiny home made by Boxabl, a company that specializes in making prefabricated modular housing units. Musk said he uses the tiny home as a guest house. Elon Musk is not an investor, as far as we know.

Latest news

Sep 2023: Why Boxabl Stock is a Buy Now

Stay up-to-date with all the latest news pertaining to Boxabl stock, IPO, and investment opportunities. By clicking here, you'll gain access to real-time updates and in-depth analysis from market experts, empowering you to make informed decisions about your investment journey. Whether you're a seasoned investor or just getting started, our platform is tailored to provide you with all the crucial information you need to navigate the thrilling world of the stock market and IPOs. Dive in and keep your finger on the pulse of the financial markets.