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25s up after hours, nice !
Volume in, let’s go !
$2.96 almost there, a new 52WL, garbage !
$3.01 and of course, another red day !
Another red day, garbage !
It’s been down here forever, still no insiders buying, I guess because they know what’s coming, garbage !
Let’s see, the company has about 6M dollars now, and they burn over 3M dollars every 6 months, so they have a few more months to pay themself, get ready for more offering and another split, it’s garbage !
Ugly numbers
Financial Highlights for the First Quarter Ending March 31, 2024:
Total revenue for the three months ended March 31, 2024, totaled approximately $1.1 million, a decrease of $1.2 million compared to total revenue for the three months ended March 31, 2024. This decrease was primarily driven by the timing of fixed price manufacturing milestone contracts related to delivery of hardware as directed by the contract requirements. Additionally, timing of satellite contract payments from existing customers varies for each calendar year. Due to customer driven delays, both manufacturing and satellite milestone payments shifted to the right and are expected to increase in the second half of the year.
Cost of revenue decreased 29% for the three months ended March 31, 2024, to approximately $1 million as compared to approximately $1.4 million for the three months ended March 31, 2023. The decrease in cost of revenue is primarily driven by the reduction of total revenue.
Gross profit margin decreased to 8% for the first quarter of 2024 as compared to 40% for the first quarter of 2023 due to the higher percentage of material costs as compared to labor for manufacturing contracts and the shifting of the satellite milestones due to customer delays along with the change in calculation of COGS.
Selling, general, and administrative expenses for the first quarter ended March 31, 2024, totaled approximately $3.6 million as compared to $3.5 million for the same period the prior year. The slight increase was primarily due to fundraising expenses from two capital raises in Q1 2024 and an increase in Mission Operations support expense related to ground support required for tracking and communicating with our first satellite, partly offset by a reduction in D&O insurance expenses, marketing and investor relations expenses.
Garbage !
Maybe it’s time to jump back again !
Volume and bid creeping up !
Still waiting, looking good now, should have a huge pop soon, IMO .
I’m just wandering what is the OS now, after all the dumping for the last few months, waiting on updates, garbage !
https://www.businesswire.com/news/home/20240513451078/en/
These guys amazing, they can’t do anything right, garbage !
Garbage !
Agree, but a merger will benefit both company, since $PGNT got the money to spend, and $OPTT it’s already trading at higher market AMEX, anyway huge potential, IMO .
And red it’s !
News out, but nobody buying this garbage, people learned their lesson, dumping to the news !
https://www.businesswire.com/news/home/20240507098435/en/
Down down baby, 3 cents !
Enough with the dumping, let’s run this POS !
$3:08 looks like we are going for a new 52WL !
Maybe another offering and another split !
$3:13 looks like somebody knows what’s coming, they selling this garbage !
https://www.businesswire.com/news/home/20240503412049/en/
Agree, looks like it’s almost time for a nice breakout, waiting for their response to the $3 million dollars deal from paragon technologies last week, nice potential, IMO .
$OPTT $PGNT
Patient waiting
We have 7 times the average daily volume, and still red, if that’s not dumping, I’m not sure what it could be !
Dumping to the news, lol !
Watch for this garbage close red on the news !
Under the terms of the contract, OPT will
contribute its advanced technologies, including the pioneering PowerBuoy® systems and WAM-V® autonomous surface vessels, to support NOAA’s critical research and operational missions. The contract has a minimum duration of five years, with an early potential of several million per year in revenue. The overall ProTech IDIQ has a ceiling of 8 billion providing ample opportunities to supply into NOAA.
Huge potential, IMO .
What’s up guys, no more news, garbage !
Waiting !
I can feel some pressure buildup !
Just turn the light off and go home, save the shareholders some money, lol .
POS !
I guess I will wait for 5s, trying to average down on this POS !
How many more 19s !
Merger will be great !