There were many comments made during the webcast that were helpful for me in staying the course with APDN. Here are just a few:
1. Beside providing operating capital, the S-1 also cleaned up the balance sheet and removed unfavorable outstanding warrants. Currently the company has no debt.
2. 2 new contracts could provide more than $4M in revenues over the next two years. [I believe this refers to the auto manufacturers’ deal and the DLA, but the reference could have been to other contracts.]
3. Revenues could match operating costs as early as the next fiscal year. [In combination with #1 & #2, this gives more insight on the potential need for more capital and the future possibility for more dilution. With the buffer that the S-1 has provided and best-case revenue production, the era for additional funding might vanish.]
4. The company is finding ways to diminish operating costs and pathways to shorter profit times. [Another way to say this is that efficiency costs less.]
5. Management is investigating 3 different field decoders manufactured by other companies. One is inexpensive, another is moderately priced and a third is expensive. Capabilities for each decoder increase according to their costs and their applications would be suitable for different vendors where independent cost/benefit would be considered.
6. As to why Joseph Ceccoli was brought to the BOD, his operational expertise was cited. [For those critical of the manner by which the company has been managed in the past, perhaps Ceccoli’s skill set will find ways to navigate it better.]
GLTA
