Ecosynthetix Inc (ECO)

[xwing229]

Well.. Y/y around 50% is good but -10% q/q is puzzling as they gained more customers.. Asian markets are still weaks and they didn't open up the commercial shipping on building product. They hinted at the cc that a substantial revenue stream will come more in q4 for these new markets and the inventory for corn with higher price will still be used or the next 2Q so no one expect much from them in q3 except for the commercial launch for building product to happen and margin improvment


Beside that it's pretty flat but they are progressing, just not at the speed everyone expected. Cannaccord analyst Elford now put a 7.75$ target and lowered their lbs sold around 35M lbs sold for this year.

Overall not bad but not great. With the usual daily volume it doesn't take much to make it drop...

hope it stays in that range for a while as I want to buy as much as I can before it takes off for real