- G'day mates.
(kookaburra calling)
Oh, pipe down.
Thank you.
G'day mates.
ResMed just released their third quarter
financial results for 2022.
I listened to the analyst conference call.
Right in the beginning, where old sexy Nick goes.
We're releasing our new card to cloud sleep CPAP machine.
And I was like, what the hell is this card to cloud?
They've got a new machine out already?
What's going on?
But no, it's not a new machine.
It's very, very old stuff.
So what's happened is this
one of the major bottlenecks,
one of the major component shortages
is the 3g, 4g sale modems.
They just can't get them fast enough.
So what they've decided to do,
is just not put them in machines at all.
So there's gonna be a whole bunch
of ResMed air series, 10 and air series,
11 machines out there that just don't have,
I'm not sure if it's the air series 11,
Maybe it's just the air series 10,
but whatever it is
there's gonna be a whole bunch
of these machines out there that literally
have no data communication capabilities.
They've just got the SD card
but they're calling it card to cloud.
But basically what it is is
you gotta take your SD card,
take it over to your clinic,
the clinic has to put it in the computer
and then they do a manual upload
to air view to the cloud.
That's that's what we're dealing with now.
We're going back to the stone ages.
- Must be an on button somewhere.
Press the apple thing.
(tapping machine)
(kookaburra calling)
- Luckily for you guys,
as I've said before
you don't have to do that.
We've got sleephq.com My Cloud based platform
which is 10 times better than air view.
And you can put your SD card
in your own computer and send it straight
up to the cloud without
having to visit a clinic.
How good is that?
But I found that fascinating ResMed
the number one market leader,
is now building out machines
that have absolutely no data transfer capabilities,
apart from the SD card.
Crazy, the market leaders, ResMed's game plan is
they just want to get machines into people's hands.
They don't care if they've got
data capabilities or anything
because now is the golden time
that they get those machines
into people's hands
and get as much market share as they possibly can.
So all of you guys with the air sends 10 machines
with those 3g modems,
that are no longer transmitting data
because the major cell carriers have shut down
the 3g network,
don't feel so bad
because ResMed is now manufacturing devices
that don't even have modems in them.
All right.
So don't feel too bad about that.
The other thing I took out of that conference call is
yeah those supply chain and component shortages,
they're not easing up anytime soon.
So in terms of bringing in more supply
of machines to those people who need them
those wait times are still
gonna be there well into 2023,
if you're wanting a RESMED device.
And unfortunately, like they said
on the conference call,
you're just gonna,
if you want one you're just gonna have to wait for it.
That's all you can do.
All right.
They're talking sort
of weeks to months,
but potentially longer.
Anyway guys,
that's it.
Have yourselves a great day.
Hit the like button.
Subscribe to the channel.
And check out sleephq.com.
We're making some major updates this weekend.
Have a good one. Bye.
- There's no way from Padre.
We got 30 years worth of files right here
in this computer that are gonna bring you down.
- Oh, no
- All down!
(crowd gasp)
Where did all the files go?