Clean Energy (CLNE)

[whassup]

Still LONG term believer, but still a lot work to be done. I've always said watch the volume growth.

With regards to Andrew's slight of hand comment about 23 millions gallons and breakeven:

Huge difference between "profitable" and EBITDA (Earnings Before Interest Taxes Depreciation Amortization) "breakeven". (everybody talks Adjusted EBITDA when your losing money)

They lost $ 28.6 million for the quarter. If you subtract EBITDA expenses, they lost $ 6.8 million.

For CLNE based on .30 per gallon margin, would need 23 million new gallons to beakeven EBITDA.

For CLNE based on .30 per gallon margin, would need 95.3 million new gallons to breakeven, BEFORE being profitable.

They sold 59.3 million gallons last quarter. Improvement but still a ways to go.

Assuming the OTR trucks use 20,000 gallons per yr OR 5,000 gallons PER QUARTER, CLNE will need about 5,000 trucks to be EBITDA breakeven and 20,000 OTR to become profitable if my math is correct.

Rumor is VTEC is up for vote in Sept. This would help.