RYSE is a smart-home technology startup that creates innovative solutions to automate window shades. Our quarterly update has just been published and we are making the summary of our update available to the public.
Thanks to increased distribution, visibility and available inventory, we wrapped up the year with one of our strongest quarters to date! Even though 2022 was a transition year – as we liquidated our Gen 1 AXIS devices and fully transitioned to the Gen 2 RYSE SmartShade – we’ve surpassed our previous Q4 sales figures and reached a new milestone in our fundraising round.
Demand for SmartShades is resilient, and we are seeing increased return on our marketing dollars even as consumers cut back spending due to inflationary pressures and depleted savings. As we regroup after the holiday period and look onward to 2023, we are extremely optimistic regarding our ability to grow our sales from increased distribution of the SmartShade and the launch of our SmartCurtain.
We’re also focused on continuing discussions with B2B commercial clients; leveraging our new accessories (Z-wave adapter and SmartButton) that we will launch in the first half of this year. These deals often take months to negotiate and close, but we’re confident in the high-volume, recurring sales that they can provide.