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Q4 and Q1 are going to be hugely important. I am certainly hoping for at least a 10% increase in revenue over Q4 2014. There has certainly been some promising partnerships but TKOI needs real revenue growth really soon for this stock to move, margins are sooo small.
Great news! I imagine this will only improve our chances of seeing a European partnership soon $$$
I will roll the dice here, GLTA
I don't know who or why but there seems to be limitless shares hitting the bid everyday for a while now. Perhaps the pre earnings run is over.
You are right, that is an absurdly large short position in a profitable company. Hopefully we can get a positive catalyst to force shorts to cover.
In my opinion there is a systemic shorting of OTC stocks across the board in which 90% of the companies never make it and it is extremely profitable. Hopefully we will burn them here but it's just the cost of doing business for them IMO
I generally assume MM's bring it down and cover on action like yesterday.
No doubt pretty big short interest here. If we ever uplist all the shorts will be forced to cover.
I liked the news today
"The Export Development Grant Program is made possible by JPMorgan Chase, which has pledged $200,000 to the effort.
Both new and experienced small- and medium-sized exporters are eligible for the grants, which are to assist with entering new markets by accessing resources, overcoming obstacles and seizing on international opportunities. The grants are provided as matching fund of up to $5,000 per company. The program will accept about 20 companies in the first year".
http://www.biztimes.com/2015/11/23/milwaukee-7-launches-export-grant-program/
What a laughable amount to be giving as grants. That may pay for a couple round trip tickets to Europe. Really just sounds like a $200,000 marketing investment for JP Morgan. Give that amount to 1 or 2 companies and maybe it would have actually done something. Not saying I won't take a free $5,000 but touting it as something beyond that is misleading.
Bah I shouldn't have gotten excited. I believe the grant to be only $5,000. No wonder they didn't mention the amount in the press release.
Telkonet Awarded International Development Grant From Milwaukee 7
February 10, 2016 8:00 AM
Grant Funds to Be Used for Expanding Telkonet's EcoSmart Platform Internationally
MILWAUKEE, WI / ACCESSWIRE / February 10, 2016 / Telkonet, Inc. (TKOI), creator of the EcoSmart platform of intelligent room automation solutions supporting the emerging Internet of Things (IoT) has been awarded funds for international business development under Milwaukee 7's Export Development Grant Program presented by JP Morgan Chase. These funds match additional investments provided by Telkonet to drive its International growth strategy, which is one of the three key initiatives for 2016. While fueling a small part of Telkonet's overall international activities, this grant demonstrates the dedication of Milwaukee, and Wisconsin, towards growing the state's revenue through all available channels, and has opened the door to numerous additional state funding opportunities.
Telkonet has experienced dramatic growth domestically with its EcoSmart Internet-of-Things (IoT) platform driving more than a 40% increase in EcoSmart sales through the third quarter of 2015. Telkonet has identified significant growth opportunities internationally and intends to devote significant resources to develop channel partners and build out its EcoSmart sales by expanding internationally with customers in specific global markets. IDC estimates the IoT market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020. Telkonet's strategic plan calls for international market development to capitalize on this forecast and strengthen its position at the forefront of this explosive industry. This investment qualified Telkonet for the Milwaukee 7 grant program in addition to several others offered in the state through resources such as the Wisconsin Economic Development Corporation.
The goal of the Export Development Grant Program is to assist Wisconsin companies achieve their full exporting potential and enter into new markets. Milwaukee 7 partnered with JPMorgan Chase and the Brookings Institute on the program through their Global Cities Initiative project. This project selects best practices from other Global Cities to create the most efficient and helpful program possible to Milwaukee's exporters.
"Increasing the number of companies in the region that export is a huge opportunity for southeast Wisconsin," said Gale Klappa, chairman, president and chief executive officer of WEC Energy Group and a Milwaukee 7 co-chair. "We know that the majority of economic growth comes from campaigns already located in the region and through exporting, businesses can grow faster and sustain that growth."
No doubt here on the hopes of an acquisition. I too think it is a very reasonable idea. Hope you are having a good night.
Okay so $50M revenue in 2018 with an operating margin of 10% leaves us with about $5M in profit before interest and tax. If we assume an annual $500,000 in interest expenses and a 30% average tax rate, net profit falls to a little over $3M. I think the company could fetch a solid P/E ratio if the revenue growth target is hit. .60-.80 a share seems reasonable if goals are hit. If the company falls short of their goals, with less revenue and smaller margins, the stock price will not move much over the next three years.
Huge news...Tienor anoints waitress new CMO while intoxicated at Club Med cocktail party. But seriously, doesn't he have something better he could be doing?
MILWAUKEE, WI / ACCESSWIRE / January 15, 2016 / Telkonet, Inc. (OTCQB: TKOI), creator of the EcoSmart platform of in-room automation solutions integrated to optimize energy efficiency, comfort and data collection to support the emerging Internet of Things (IoT) today announced that its Chief Executive Officer Jason Tienor will present at the NobleCon12 - Noble Financial Capital Markets' Twelfth Annual Investor Conference at Club Med in Sandpiper Bay, Florida, on Monday, January 18th at 3:00 pm Eastern Standard Time. Following the Conference on January 22, 2016, a high-definition video webcast of Telkonet's presentation and a copy of the presentation materials will be available on the Company's web site http://www.telkonet.com, or as part of a complete catalog of presentations available at Noble Financial websites: www.noblefcm.com, or www.nobleconference.com. You will require a Microsoft SilverLight viewer (a free download from the presentation link) to participate. The webcast and presentation will be archived on the company's website and on the Noble websites for 90 days following the event.
http://news.morningstar.com/all/access-wire/ASWAccesswire435640MSN/telkonet-to-present-at-noble-financial-annual-investor-conference.aspx
Down 10% percent since my last post...with only an app to show for it. Anyone can make an app, but can they get users? At this rate we will delist before we uplist.
As an investor here my patience is wearing a little thin with little to no tangible progress made in the last 6 months. A lot of talk, a lot of tweets, so few new contracts.
Good stuff
Hiring for 4 positions as of 8 days ago, always a great sign for growth.
http://www.glassdoor.com/Job/Telkonet-Jobs-E22508.htm
Hi Juancy, thank you, hope you are doing well as well. I agree with everything you said, it is pretty impossible to know how successful this new business model will be without knowing the licensing terms. At least the company isn't going bankrupt is what I read from it but now I believe their potential revenue has been dramatically reduced.
Nice article, thank you for posting! I like the consistent insider buying going on here, you always know why insiders buy ;)
Just a quick response as I don't have time to really look into it but I would say their P/E ratio should be very high considering their growth rate. As for $2 million in annual revenue, I wouldn't just take the recent .5m quarter and multiply by 4. Next quarter should be forecasted over .5 as it is historically the strongest quarter but it falls off pretty heavy in Q1 historically as well. I would do a quarter by quarter forecast and then add them together. ill get back to you when I have some time to do my own guess. Hope you are having a good day.
Wait, am I actually going to get my dividend from 2010? I forgot about that so long ago.
Really liked the quarterly, added some shares here, hoping for the best!
Thank you, I appreciate it. You know it would be so unfortunate to see Crailar fail. I could handle it personally but flax and really hemp could do this world such good from an environmental stand point. Hopefully it will have its day and I hope it is through Crailar, I know management has put a lot into this. I'll support this company till the bitter end if need be. Have a great night.
Hi Juancy, was hoping for larger revenue growth and the cash position is pretty dire. Going to need a positive update from the company regarding dedicated facilities or additional financing. I hope the company can hang in there. Hope you are having a good day.
Hi Juancy, hope other aspects of your life have been performing better than Crailar. Just wanted to stay I am still hanging around and believe in the company. The quarterly will be here soon and I hope we get something to cheer for. I'm optimistic and think the market has severely overreacted in terms of share price. We will see soon enough! Take care.
I agree 100%. I actually just sent my second email to Ted this month, it's about time investors hear something about the state of the company. The special committee press release was extremely vague. I'm worried the board has more interests with GP and Adidas than the average shareholders. A plummeting share price is great for Hydra Ventures if they are looking to double down an investment as part of the refinancing. Not so great for us. I remember a couple years ago, there were many months with multiple press releases. They were very consistent. We don't hear anything anymore, and every agreement is deemed "secret". It's really frustrating. I want to know what the current operating capacity is at the very least. Surely they have got to do something with the off balance sheet ~$8 million in equipment just sitting at Pamplico as well. That alone would secure most of the $10 million debenture due September 2017. What about the test plots of flax and hemp? Surely they would have grown by now. Its very tough being an investor here, nearly 100% in the dark for months at a time while the SP is on a pretty consistent decline. Meanwhile the company is operationally at its highest point and has considerable promising ventures. I feel perpetually confused here. Hell I'd rather know if the company was closing its doors than sit here blindly sometimes. Anyways that's my frustrated rant for the the week, hopefully we hear something soon. I imagine the dedicated facility discussion are closely linked to refinancing initiatives and might be quite complicated, at least that is what I hope. Hope all else is going well for you!
It's definitely sink or swim time for the company unfortunately. My hunch is that they were not able to supply GP in an orderly fashion. The company promoted its ability to produce over a million pounds in Q1, but in reality they need to be at the 2 million pounds per quarter mark yesterday! Remember, "exclusivity clauses that require them to purchase, in the aggregate, approximately 8.5 million pounds of CRAiLAR ® Flax fibers in 2015 and approximately 10.1 million pounds in 2016". Everything had been looking alright but looking at Q1 again, it was a massive failure in production, again. The company made it seem like a few capital investments here and there or as they say "plant optimizations" and the plant would be capable of producing 280,000 pounds a week. Here we sit barely producing 100,00 pounds a week after a year of costly plant upgrades. I thought we would be at least over 200,000 pounds a week at this point. Every quarter seems to talk about slow downs in production due to some constraint and always kicking the can down the road and saying next quarter. "Production output continues to improve, although Q1 2015 production was hampered by equipment challenges that improved towards the end of the quarter". Equipment challenges every quarter it seems. They NEED to be cash flow break even NOW. I was expecting revenue around 3 million for Q2 but its looking like we might be lucky to break 2 million. Refinancing and paying off debts wouldn't have been much of an issue if they reached profitability in a timely fashion. If the plant hasn't significantly increased output this quarter, the road is going to be really tough. Having said all this, just one dedicated facility could go a long ways in securing the future of the company. Maybe they will be more aware of how to start a second plant without shitty equipment and a lack of operations management. I should have known to probably step aside for a little while when Q1 numbers came out. But at these price levels I still think its worth the risk. It's time the company surprises us with something positive instead of more plant downtime. The lack of additional financing keeps me hopeful that they have managed to finally step up production this quarter. I guess we will see soon enough.
I feel like one could assume worst case scenario GP doesn't negotiate and the company bolsters the current facility in substitute for a dedicated facility
I just got off the phone with Ted. Of course he couldn't comment on much but he stated the committee formation and the GP termination are independent events. The committee will be looking at restructuring the convertible debt among other things. I am happy they are now actively working on tightening the balance sheet. He doesn't believe the company will seek a qualified CEO until the balance sheet has improved. The GP termination he stated was not all that unexpected and it sounds like it was posturing by GP. I anticipate a new contract will be signed but with more favorable terms towards GP as they have significantly more leverage. On the bright side he stated GP has not affected dedicated facility discussions, and that trials for both companies looked promising. One of which he stated was for particle boards (Ikea?) and how Crailar reduces weight significantly and how it could improve the companies shipping costs. I still think a dedicated facility is our best shot to breakthrough, fingers crossed. All in all yesterdays press release was only a Chicken Little event for some, I think we still have a good shot here.
The more I read it, the more it sounds like the whole PR is a response to GP. Wish I knew what was going on there but I get the feeling GP can be bullies.
I feel like this might also be restructuring for dedicated facilities. I guess its continue to wait and see
It's like the company said a lot and said nothing at the same time. Zero details on the GP agreement, don't know how to take it. I was under the assumption it was just recently extended until 2021? I'm not even certain if GP having exclusivity for non-woven is great or if the company can't negotiate better pricing as they have a major product launched with Crailar. I guess what led to the termination of the contract is kind of the all important information. Other than that, I am all for the company right-sizing manufacturing. Hopefully they focus only on premium fiber for production as that Q1 increase in production but decrease in revenue was kind of BS. Wish the company had included more disclosure on the reasons for the committee as well as GP contract. Now I feel I don't even know what is going on with the company anymore.
http://finance.yahoo.com/news/crailar-announces-formation-special-committee-130000892.html
Does the company have a history of diluting to fund operations? Pretty nice volume consistently but so little movement. I like the company so far, just trying to understand its price movement.
TKOI looking promising
Absolutely primed for some dedicated facility news