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BTW I saw one of the Jabil robots at my local shop n stop I had no idea of what it was until I got into EFLVF and then I saw it on their presentation. They mentioned that Electrovaya makes the batteries for them, and they have sold more than 1000 of these robots and everyone uses an Electrovaya battery. JABIL is a huge company and they are also working closely with Electrovaya. These robots could be installed all over the world and guess who makes the batteries.
Thanks for the update, I was reading some of the reviews on their website and it seems that a few of the other folks that purchased Nemo came back and brought a second unit too. Also at one point during the summer they had more orders than units available, they had a backlog of orders! That sounds like it could be positive for increased sales!
Go $BWMG!
10k last year was filed in Dec, It is usually 90 days from year-end. Their fiscal year ended Sept 30. Maybe we get some updates between now and then? Looking for a strong year-end quarter for the company.
GLTA!!!
Welcome to the board, I agree there is a lot of potential in this stock! GLTA!!!
Ecomike, this stock could easily surge again if the government needs to revitalize that ventilator program again. I believe that it would be an error if they don't do it because if the need for ventilators arises again it would a shame if they don't have them ready just in case. With growing cases of Corvid-19, a rising death rate will follow.
Barcharts Like $EFLVF ... https://www.barchart.com/stocks/quotes/EFLVF/opinion
I was able to pick up a few cheapies today! We should start heading north soon, CEO got us on the OTCQB sounds like he means business, and there are some great reviews on the Nemo and lots of videos from users we must be making a name for ourselves.
GLTA!!!
Looks like Electrovaya is getting ready for a comeback?
Charts are looking good volume is not bad either!
We could use a turn around here a few 4th quarter updates could be coming...
https://s3.amazonaws.com/cdn.irdirect.net/PIR/1137/4769/Avinger%20Overview%20(07.31.20)_v2.pdf
Yes, very nice here looks like this will continue into 2021! Will this keep doubling quarter after quarter. This looks very promising. From the looks of things, this stock is still not discovered by the investing community. I was very fortunate to get into NIO also in the low 3's. Sorry, I sold half at 16.00. This one I will hold my full position a lot longer.
Go EFLVF!!!
$EFLVF earning's
Electrovaya's preliminary Q4 revenue up 40% on strong Li-ion batteries demand
https://seekingalpha.com/news/3619978-electrovayas-preliminary-q4-revenue-up-40-on-strong-li-ion-batteries-demand
Nice find!
Now it only takes $3400.00 to read it!
Geo, we are gaining a little interest here, that is a nice article, I know it is a little old, but this stock is still undiscovered! Way undervalued and it looks like the next quarter or two they will be very profitable with their growing revenues. Lithium batteries are the future!
Do your own DD on this one, this stock is hot!
Go $EFLVF!
Tesla Battery Day is September 22. That's why the interest for BATTERIES is building!!!
Geo, that's a nice article about the company, however, I don't feel that is the reason for today's gains. There were only 18 views on that video? Folks were buying relentlessly there were a few large buys but not the type of buys from a major corporation? Maybe there is a news leak out there or a trading group that puts this on their focus list. I guess we just enjoy the day and wait here patiently for their news, or great earnings report that we are expecting in the next few quarters!
Geo that story came out after the market closed, maybe we see some more movement next week!
https://ih.advfn.com/stock-market/TSX/EFL/stock-news/83293531/tmx-group-electrovaya-c-suite-at-the-open
Go $EFLVF!!!
I like the 1st paragraph of that update sounds like CEO is really ready for some serious business...
Selected financial highlights include:
Yes, one hour and three hour Buzz Cloud... I guess many folks missed the press release because it came out so close to closing, and it contains a lot of good info on the company.
I think 3rd quarter will be very promising for $BWMG they had a Surge in sales according to their website earlier this month, they had a backlog of orders. They had posted that there would a delay in shipping out the product because of that. That notice is now removed they must have caught up with the orders.
See my previous post #16252 on this board
Maybe the next Q will be a blowout Q? After all this Q is their busy season, summertime?
GLTA!!!
whytestocks, here is the article from your link, I just took out the section on $AVGR For the complete story here's the link
https://marketwirenews.com/news-releases/looking-for-penny-stocks-to-buy-here-are-4-trending--5622796742197355.html?i=ib
Penny Stocks To Buy [or avoid]: Avinger Inc.
Avinger Inc. (AVGR Stock Report) is another one of the penny stocks to watch this week. The penny stock had been stuck in a sideways trend for a few weeks. Last week, AVGR stock had a flash of trading momentum after announcing receipt of FDA clearance of its catheter-based system, Ocelaris. It’s now marketed under TIGEREYE.
“Our Ocelot catheters have helped physicians cross thousands of CTOs since introduction of the product line in 2013. TIGEREYE brings compelling new features and benefits to expand upon this platform to help physicians safely cross challenging CTOs. We anticipate initiating a limited launch of TIGEREYE in the U.S. in the fourth quarter of this year.”
Jeff Soinski , Avinger’s President and CEO
Shares of AVGR popped then dropped on Friday. What might have triggered some of the sell-off were insider trades reported in a few FORM 4s showing selling by the CEO, CFO, and CTO. Now, it wasn’t hundreds of thousands of shares. However, it was insiders selling all the same, which, as we know, isn’t the best for sentiment in a stock. This week, however, has been all about recovery by the look of it. Since Monday, AVGR stock has managed to climb 11% so far. Volume has picked up a bit so the bigger focus now, in my opinion, will be whether or not this week’s uptrend can remain intact.
Maybe it's time for a turnaround for AVGR
https://finance.yahoo.com/news/avinger-avgr-upgraded-buy-heres-160004738.html
Good to see the filings are now current, even better to see that company is making money on sales of products!
$EFLVF...
Electrovaya Increases Credit Facility and Provides Business Update
Thursday, September 3, 2020 7:00 AM
Share this article now
Topic: Company Update
TORONTO, ON / ACCESSWIRE / September 3, 2020 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF) has closed an agreement with a Canadian financial institution to increase the amount available under its existing revolving credit facility from C$4.5 million to C$7.0 million. The facility will support fulfilment of Electrovaya's recently announced purchase orders, as well as other corporate expenditures.
The financial institution also extended the repayment date for the revolver and its C$2.8 million promissory note from September 25, 2020 to March 31, 2021.
All dollar amounts are stated in U.S. dollars unless otherwise noted.
Business Update:
Electrovaya has repaid C$5.5 million to this financial institution on its earlier announced purchase order facility. The repayment was made from the Company's operating cash flows.
Electrovaya expects to repay a further C$4.5 million to the same financial institution on another purchase order facility within the next two months, barring unforeseen circumstances. With this repayment, the total debt repaid will be C$10 million on the two purchase order facilities.
The Company has generated strong sequential sales growth during the 2020 fiscal year, with revenue increasing approximately five-fold from $0.9 (C$1.2) million in the fiscal first quarter ended December 31, 2019 to $4.8 (C$6.5) million in the fiscal third quarter ended June 30, 2020.
For the fiscal fourth quarter ending September 30, 2020, revenue is expected to grow approximately seven-fold compared to the first quarter, barring unforeseen circumstances.
Electrovaya is ramping up operations to meet the growing demand. The Company is planning to expand its US sales network and establish service, assembly and other operations in the United States as the US customer base continues to grow rapidly. Electrovaya batteries are powering electric lift trucks in about 25 locations in the United States.
Sales of electric lift truck batteries are growing rapidly through the Company's OEM distribution channel, which is now generating similar revenue as the Company's direct sales channel.
For more information, please contact:
Investor Contact:
Jason Roy
Director, Investor Relations & Communications
Electrovaya Inc.
905-855-4618
jroy@electrovaya.com
Media Contact:
Peter Koven
Bay Street Communications
647-496-7857
peterkoven@baystreetcommunications.com
About Electrovaya Inc.
Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF) designs, develops and manufactures proprietary lithium ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe.
To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements that relate to, among other things, revenue forecasts and in particular the revenue forecasts for the quarter and fiscal year ending September 2020 , repayment of debt especially the ability to repay the $4.5million purchase order financing debt and the timing therefor, , extension of the repayment dates for the revolving credit and the promissory notes, ability to repay the revolving credit as well as the promissory note, sales growth and ability to continue sales growth, ability to generate a 7 fold increase in Q4 FY2020 over Q1 FY2020, growing the US sales business, ability to set up sales, service, assembly and other operations in the US, continuation of anticipated positive EBITDA, anticipated further sequential revenue growth in fiscal 2020, the ability to satisfy the Company's order backlog, the Company's ability to satisfy its ongoing debt obligations, anticipated increased collaboration with OEMs and OEM channels constituting a source of sales growth for the Company, anticipated continued increase in sales momentum in fiscal 2020 through OEMs and directly to large global companies, including Fortune 500 companies, the future direction of the Company's business and products, the effect of the ongoing global COVID-19 public health emergency on the Company's operations, its employees and other stake holders, including on customer demand, supply chain, and delivery schedule, the Company's ability to source supply to satisfy demand for its products and satisfy current order volume, technology development progress, pre-launch plans, plans for product development, plans for shipment using the Company's technology, production plans, the Company's markets, objectives, goals, strategies, intentions, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: that current customers will continue to make and increase orders for the Company's products and in accordance with communicated intentions, that the Company's alternate supply chain will be adequate to replace material supply and manufacturing, that the Company's interpretation of the effect of any comfort given to Litarion's auditors of the Company's financial support for Litarion's operations is correct, and that Litarion's insolvency process will proceed in an orderly fashion that will satisfy Litarion's debt without a significant negative effect on the Company or its assets, actions taken by creditors and remedies granted by German courts in the Litarion insolvency proceedings and their effect on the Company's business and assets, negative reactions of the Company's existing customers to Litarion's insolvency process, general business and economic conditions (including but not limited to currency rates and creditworthiness of customers), Company liquidity and capital resources, including the availability of additional capital resources to fund its activities, level of competition, changes in laws and regulations, legal and regulatory proceedings, the ability to adapt products and services to the changing market, the ability to attract and retain key executives, the granting of additional intellectual property protection, and the ability to execute strategic plans. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2019 under "Risk Factors", and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
Revenue forecasts herein constitute future-oriented financial information and financial outlooks (collectively, "FOFI"), and generally, are, without limitation, based on the assumptions and subject to the risks set out above under "Forward-Looking Statements". Although management believes such assumption to be reasonable, a number of such assumptions are beyond the Company's control and there can be no assurance that the assumptions made in preparing the FOFI will prove accurate. FOFI is provided for the purpose of providing information about management's current expectations and plans relating to the Company's future performance, and may not be appropriate for other purposes.
The FOFI does not purport to present the Company's financial condition in accordance with IFRS, and it is expected that there may be differences between actual and forecasted results, and the differences may be material. The inclusion of the FOFI in this news release disclosure should not be regarded as an indication that the Company considers the FOFI to be a reliable prediction of future events, and the FOFI should not be relied upon as such.
SOURCE: Electrovaya, Inc.
https://www.accesswire.com/604637/Electrovaya-Increases-Credit-Facility-and-Provides-Business-Update0576.html
Yes, the chart seems a little oversold with increasing sales coming in strong in this quarter, summertime!
Well even though the vent program didn't go as well as we wanted it to, did bring some more exposure to the stock and company in a positive way, we tried to help our country! Looking forward to reaping the benefits of the exposure in the next few quarters. GLTA!
Found this on their site...Not a bad problem to have things are looking up!!!
Nemo Rated 4.65 out of 5 based on 40customer ratings(40 customer reviews)
$799.00 – $1,499.00
Nemo is a compact dive system that supports 1 diver to 10 feet with a rechargeable battery pack that lasts over an hour.
Whether you’re an ocean explorer, poolside parent, treasure hunter, underwater photographer, self-sufficient boat owner, or in search of the latest yacht toy – Nemo is for you.
Heads Up!
We are currently experiencing a surge in sales. New orders are expected to ship within 2-3 weeks, but we will do the best we can to ship your order ASAP!
Please have a look at our dealer map here for shops near you that might have Nemo in stock.
https://www.diveblu3.com/product/nemo/#reviews
Not looking so good here major dumping on no news? Is news coming?
I see their ads everywhere if I had a penny for every ad I saw this stock would be a dollar a share by now. I just hope those ads are generating some sales. At least we know that they are trying to make this business work and be profitable. GLTA!
We all know how the story started, what we need to know is how it ended.
1. Did we ever get the FDA approval?
2. Did BWMG ever produce any working models of the Ventilator, not prototypes?
3. Was BWMG a part of the govt contract that Ford was involved in for $2.9 Billion see the post from Ford I posted here earlier #16209.
4. Is the ventilator program on hold or over?
5. We need an update from Management!!!
Looks like we need some type of news to stop the bleeding here. Stop sign needs to go away.
Was BWMG included in this contract?
This spring the federal government signed contracts with several manufacturers for more than $2.9 billion to produce at least 187,000 new ventilators by year-end for the U.S.'s strategic national stockpile. The machines are being delivered to the Department of Health and Human Services, which distributes them as needed, the department has said.
Ford updates their Ventilator Push, will BWMG update their progress?
Detroit Auto Makers Near Finish Line in Covid-19 Ventilator Push
7:00 AM ET 8/15/20 | Dow Jones
By Mike Colias
Detroit's two largest auto makers are nearing completion of federal contracts to manufacture tens of thousands of ventilators, capping a frenzied effort begun in the spring to mass-produce the breathing machines for the sickest Covid-19 patients.
Ford Motor Co. by late next week will have made about 43,000 ventilators with its partner, General Electric Co., at a factory in suburban Detroit, a Ford spokeswoman said Friday. The companies expect to reach 50,000 by the end of August to fulfill a $336 million contract with the Department of Health and Human Services, she said.
General Motors Co. is on track to complete 30,000 ventilators at a converted Indiana factory by the end of the month, fulfilling its terms under a $490 million federal contract with its partner, the Seattle-area medical-device maker Ventec Life Systems, a GM spokesman said.
GM plans to turn over operations at the factory to Ventec for future production, citing a continued need for ventilators beyond the federal contract.
Ford declined to comment on what will happen with the facility producing its ventilators once work under the contract is complete.
Completion of the work by GM and Ford would conclude an unusual and high-profile push by the car companies to apply an assembly-line approach to mass-produce breathing machines that normally are hand-built in the dozens a week.
GM signed its federal contract after President Trump invoked this spring the Defense Production Act, a Cold War-era law he used to order companies to manufacture devices and medication to fight Covid-19. He had criticized GM and Chief Executive Mary Barra for wasting time in negotiations with federal officials over ventilator production.
At the time of Trump's criticism, GM was working to prepare ventilator production. The same week it shut down U.S. factories as Covid-19 cases surged, GM joined with Ventec and scoured the auto maker's chain of thousands of suppliers to duplicate parts from Ventec's ventilator and make them on a large scale.
Ford worked with GE to produce a ventilator with a design that operates on air pressure rather than electricity. The design was developed by Airon Corp., a small Florida medical-device maker. Ford and GE originally said they expected to reach 50,000 ventilators in July.
Ventilators mechanically pump air into the lungs of patients who can't breathe on their own, a situation common in the worst Covid-19 cases. The devices are made with hundreds of parts, including valves, blowers, tubes, electronics and software, which regulate how much oxygen reaches the lungs and with how much air pressure.
The auto makers said they stepped in because they wanted to apply their manufacturing expertise in a moment of national crisis. Mr. Trump visited Ford's ventilator operation at the suburban Detroit factory in May.
This spring the federal government signed contracts with several manufacturers for more than $2.9 billion to produce at least 187,000 new ventilators by year-end for the U.S.'s strategic national stockpile. The machines are being delivered to the Department of Health and Human Services, which distributes them as needed, the department has said.[color=red][/color]
While the GM-Ventec machines are being delivered to the federal government, Ventec strategy chief Chris Brooks said he expects some hospitals to purchase ventilators on their own to prepare for potential localized surges in Covid-19 cases.
I agree this is pathetic, maybe we get a 10Q on Monday, or another late filing which would put us two 10Q's behind for the year.
I hope so, looks like another investor dumped their shares today.
Added on today's dip. Kind of quiet here lately. We could use a nice PR of new order to get this going again.
NIO STOCK ANALYSIS | NIO, TESLA, AND THE STOCK MARKET
I kind of agree with that statement, I asked questions on their websites and I got the feeling they can't talk about The Blu3-Vent project. I can't see any other reason why they are not keeping us informed.
I went on their website and took a look at the reviews on the Nemo diving unit there were quite a few positive reviews, most of the reviews were in the month of July, I am only guessing that are doing well with the Nemo and their core business.
Hopefully, we get an update soon so that we no longer have to guess or hope that they are doing well.
This is just my opinion, GLTA!!!
I have an order in also to buy more at .38 The MM's just skipped over my order and filled a bunch of orders at lower prices???
At that price the margin of profit is almost like selling cars, not as sexy but most likely a higher margin.Great research DewmBoom!
$EFLVF #OTCQB Electrovaya Announces US$3 Million Purchase Order and Updates Previously Issued Revenue Guidance
Thursday, July 23, 2020 7:00 AM
https://www.accesswire.com/598581/Electrovaya-Announces-US3-Million-Purchase-Order-and-Updates-Previously-Issued-Revenue-Guidance
$EFLVF #OTCQB Electrovaya Announces US$3 Million Purchase Order and Updates Previously Issued Revenue Guidance
Thursday, July 23, 2020 7:00 AM
https://www.accesswire.com/598581/Electrovaya-Announces-US3-Million-Purchase-Order-and-Updates-Previously-Issued-Revenue-Guidance