I have and I’ve been right. I’ve been saying unsustainable business model and Pimax are still in an unsustainable business model. They got $30 million 2 years ago.
If I was wrong they’d be making profit an d not need to sell their business to stay afloat.
Am I wrong?
Haha, let’s ignore Pimax performance on the Steam Hardware Survey. That is a damning reality check.
If Pimax release the Dream Air in May I will become a Pimax believer. But Pimax have never launched a headset on time and this one looks less likely that others.
I admire people’s optimism v reality. But when Samsung, Meta and Apple start slugging it out Pimax isn’t even in the room on any metric.
At least Dream Air is getting an LED strip. I remember how Crystsl was getting one too. Eek.
I don’t know, as you don’t also. Neither of us know if Pimax is making a profit, unless you have access to info that isn’t publicly available?
The crystal light launched when they said it would, which was a first but hopefully a sign of the company maturing particularly with the new CEO at the helm tor the last year or so.
Crystal super is planned to launch the end of this month iirc and seems on track to do so.
I agree the track record has been very poor, just wanted to mention that they have actually launched one headset on time and hopefully it’s the mark of a change.
I do agree though that it’s very unlikely the dream air will actually ship in May but who knows.
We do know they’re not making a profit because why else did they seek investment. Every 3 years since the Kickstarter. Last in 2023 so next round is next year. So if Dream Air iis delayed till next year and they run out of money what then?
And don’t forget not only do you need a profit but the profit needs to go into the next HMD.
No we don’t, plenty of profitable companies seek investment to grow further. Again, you’re making assumptions and stating it as fact.
4 times?
In 2017, they ran a Kickstarter for $4.2 million.
In January 2020, Pimax closed a $15 million series A funding.
In October 2020, Pimax received $20M series B funding.
In March 2023 Pimax secured a $30 million series C1 financing.
Total $69.2 million for 0.45% market share. Where has all the money gone?
Big screen has more market share with 1 headset.
You think Pimax are holding $60 million in a bank account somewhere?
If they didn’t spend the first $39.2 million why did they ask for another $30 million, just to look like a player? lol
It’s strange how $6 million a year running costs for 200 people over 9 years comes to $54 million.
$60million really cannot last this long. Chinese labor, expenses and rent are lower than the west but not this cheap. Plus the CEO and some of the staff are westerners. They won’t accept low salaries. It’s already quite a miracle that Pimax can last this long. And most amazingly, still able to deliver Crystal Light and getting ready for Crystal Super. They deserve huge Kudos for those achievements.
Meanwhile, I think Pimax still need the Dream Air to attract more investment. At the least it will secure some OLED panels. They do need to keep the dream afloat. I sincerely hope they will survive and come up on top. This is why I really hope they will focus on Crystal Super, and not repeat the same mistake of stretching too much.
The interesting thing about the steam survey?
It doesn’t catch all the Pimax users running openXR and avoiding steamVR due to performance issues with heavy SIM software. From reading many comments the past years there are hardcore simmers that only play 1 or 2 titles always openXR
Potentially this can miss 1/2 the user base of Pimax
Also if you have more than 1 headset, the survey only pick one.
When I was selected for the survey, I had a Quest 3, Pico 4 and Pimax Crystal, with all their drivers installed in the PC.
But the survey said that I was only using the Q3, so the Headset data of the survey is untrustworthy.
Same situation here, it shows the last connected headset. I’ve been using my Pimax Crystal, my Crystal Light and my valve Index recently, but Index the most recent so it ignores the Pimax completely 
Yikes that’s a damning statement right there.
For sure Steam Hardware Survey has its flaws but when you combine all Pinax headsets over 9 years it still comes second to 1 headset over 1 year.
The Dream Air renders look fantastic. The specs look fantastic. If Pimax can pull it off it will be a turning point for Pimax. But that is if no other VR company does a similar thing at a similar price point or with wider than 102 FOV.
In 2025 102 FOV should not be a thing. 125 FOV should be the minimum target for any manufacturer. I’m never going to down size FOV from a £400 HMD to a £2000 HMD. It’s rediculous. Same goes for Megane X.
I’d rather have 150 FOV on Fresnel Lenses than 102 on pancake.
I’d rather have 150 FOV on Fresnel Lenses than 102 on pancake.
I’m disagree with that, because on Fresnel, probably the º of the lens with maximum clarity will be much less than those 150º. And with pancake (if the lens is good), you could have nearly all the 102º.
And all without godrays and glare, which are a pain in the fresnel.
But I think you’re comparing fresnel glare from 2014 to pancake glare of 2024.
Fresnel can be advanced too. The coatings and technics used to improve pancake lenses can be applied to fresnel. Smaller ridges anti reflective coating and edge coating across 150FOV could make it a winner.
No doubt pancake, zero glare over 180 FOV would be the end goal.
The only new 2024 Fresnel are the PSVR 2, and they have less clarity than the Pancake of the Q3.
And I doubt any company will spend money in updated “old” tech when already exists new tech with better propieties.
Meta has already in the Quest3S.
The Quest 3s has the same lens and panel of the Quest 2, the only change is the SoC and the new Passthrough cameras, or at least that is what was published everywhere.
So I think there is no new fresnel lens from meta in this 2024 (but I couldn’t affirm it at 100% because I didn’t try the 3s)
I get it that Atmos has been rather pessimistic about all things Pimax in the last years, and you have been more bullish.
But are you really positive about the state of the Dream Air and opening up pre-orders with initially a pre-payment of 1,100$? Doesn‘t it concern you at all?
At present it is a reserve. So no no big money down. We covered this already remember. 