How Nex Playground is beating expectations during a hardware crisis

Nex Playground has expanded beyond the United States to Canada, the United Kingdom, and Germany, with UK sales velocity beating internal weekly and monthly targets. Nex also secured $150 million in equity and debt financing and now makes hardware in Mexico as well as China to shorten lead times. The company says its subscription-driven model kept it profitable last year and is likely to do so again this year.