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Except that the share count isn't the same so your valuation is incorrect.
Where did you source your data for the "Solar Group" price to sales ratios? What companies are included?
I think this is a pretty reasonable thought process and I agree with your conclusion. I'm curious if any of Solar3D's team will be there on the 27th?
I knew youd look at this with a fine toothed comb ;) I did mention that in the opening paragraph.
Exactly. We can easily afford another 1 or 2 of these acquisitions with our current cash. My point was to show that dilution is actually pretty low in relation to the amount of revenue and EBITDA we are adding.
SLTD/Elite Merger - Dilution by the numbers.
A look at a few different scenarios in regards to dilution. I expect something similar to Scenario 1. Scenario 3 is close to worst case. In theory we should be at a much higher share price around the end of December so the bonus shares may be less than illustrated here.
Edit: Sorry I spelled dilution wrong in the excel sheet!
8K found here: 8K - SLTD, Elite Merger
It looks like they could go up to $1,000,000 more worth of stock if they hit certain performance targets this fiscal year. Still, under 10% dilution for a great acquisition. BULLISH
From the "8-k"
" $4,650,000 divided by the lower of (a) $4.00 or (b) the Company’s average closing price, as reported on NASDAQ, for the five trading days prior to the Closing Date."
Looks like it's even less dilutive than I thought. $4 = 1,162,500 shares.
6.55% dilution for a company that is profitable and should increase revenue close to 30%. Not bad eh?
Low volume at open, let's see what happens once the bullets start flying.
Looks to be about 7% dilution and close to 30% increase in revenue for a net positive of 23%.
HOLY SH!T "Solar3D to Acquire Leading Solar Power Company, Elite Solar"
The Cowen price target of $5.00 should definitely help. I hope everyone bought back in at these lows, back above $4 we go! (Before Fresno). I hope we can hold above the $4.15 range after the Fresno deal.
"Solar3D Achieves Record Month for New Residential Sales
Company achieves nearly $4 million in new residential sales for month of July, expects homeowner pursuit of solar to dramatically increase with national emphasis
SANTA BARBARA, CA – August 10, 2015 - Solar3D, Inc. (NASDAQ:SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, announced today that its SUNworks division has achieved $3,938,994 in residential sales for the month of July, a Company record.
The $3.9 million in new sales achieved by SUNworks represents a substantial jump in comparison to its previous monthly high of $2.7 million in March of 2015 – an increase of over 45%. The Company’s new residential sales through the first seven months of 2015 total $12.7, an approximately 170% increase over the $4.7 million in sales through the first seven months of 2014.
The explosive sales increases correlate directly to the high-growth residential solar market, particularly in California and Nevada. According to a recent report released by GTM Research, 2014 was the third consecutive year that the U.S. residential solar market experienced more than 50% growth. Much of this growth can be attributed to a wider variety of financing solutions, as direct ownership is expected to surpass third-party ownership by 2020. Many of these homeowners are taking advantage of solar tax credits programs that, while set to expire at the end of 2016, present a tremendous market opportunity over the next year and a half. Still, a Solar Energy Industry Association (SEIA) report indicated that through Q1 2015, nearly one-fourth of cumulative residential solar installations have now come on-line without any state incentive.
“This record month is a testament to the hard work and strong leadership exhibited across the entire SUNworks organization,” said Jim Nelson, CEO of Solar3D. “The residential solar market continues to explode, fueled by more consumer-friendly financing options, as well as cost-savings realized by homeowners. The short and long-term investment in residential solar solutions has proven attractive to homeowners, spreading through communities and neighborhoods, especially in California and Nevada. We expect residential solar to maintain its rapid rise in popularity, and look forward to continuing to serve customers and achieving revenue growth for the Company.”
"$3,938,994 in residential sales for the month of July"
Wow. Nice sales figures.
*drops mic*
Bought some more too. This may trend down a little bit but then start rising up in anticipation of the Fresno meeting on the 20th.
You should head over to http://www.investopedia.com/ and brush up on your basic financial knowledge. The initial sell-off, yes INITIAL, was caused by stop losses. They are placed and filled in order which can drive the price down drastically. It recovered because people saw an opportunity to buy in low and now it is dropping again for an entirely different reason.
In the investment world "short term" is less than 1 year. Your timeline is completely irrational as are a lot of investors' here. This will take a while to get to where we want and there will be more dilution along the way. However, the solar industry is in its infancy, it hasn't even left the womb.
Sucks for the people that had theirs filled below $3.50!! I bet their stops were set above $3.90. That'll teach em'.
Stop losses all filled at once which drove the price down initially. Nice recovery!
It will happen once they find the right partner. Who knows how long it will take.
"Approximately $0.7 million of the administrative costs were one-time or non-cash expenses."
This is promising to me. Without the "infrastructure" improvements which I guess are IT, software, and office related we would easily be in the green.
The Company's derivative financial liability was zero at June 30, 2015
Acquisitions mentioned numerous times!
Approximately $0.7 million of the administrative costs were one-time or non-cash expenses.
Gross profit margin was 31% for the second quarter 2015 compared to 27% for the second quarter of 2014.
Contracted backlog at the end of Q2 was $22.7 million
Also, $2.5 million for 1.1 megawatt. This is more in line with industry averages. It seems to me that the "redundant systems" designed for the Fresno Clovis waste water treatment facility greatly increase the price per MW.
What will the city council say once they see that we are installing another greater than 1 MW system WITHIN Fresno itself?
"Solar3D’s SUNworks Division Signs $2.5 Million Contract with Fresno-based Baloian Packing"
SANTA BARBARA, CA – (July 30, 2015) - Solar3D, Inc. (NASDAQ:SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, announced today that its operating division SUNworks has been contracted by Baloian Packing Company, Inc. to design and install a solar system designed to achieve significant cost savings for the agricultural organization.
Family-owned and operated since 1917, Baloian Packing grows and packs vegetable products including but not limited to peppers, onions, and leaf lettuce. Based in Fresno, the Company distributes high quality fresh produce throughout the United States, Canada and Mexico. Baloian is known for its sustainability practices surrounding water conservation, recycling, and promoting safe working environments.
SUNworks will design and install a 1,098 kilowatt SunPower roof solar system. The system is designed to achieve cost savings of approximately $8,750,000 over the next 25 years, with year one savings exceeding $250,000. Baloian will recoup their investment in about three years.
“We are pleased to work alongside an organization with the longevity of Baloian, especially keeping in mind their commitment to sustainability within their region,” said Abe Emard, CEO of SUNworks. “Our team is widely recognized for our dedication to excellence in the farming sector, one that consistently generates cost savings for our customers.”
“We are very encouraged by the increased size and scope of projects that our subsidiaries have been contracted for of late, ones that we believe are reflective of our growing footprint in the Northern California region among commercial and agricultural customers,” said Jim Nelson, CEO of Solar3D. “As we pursue our growth-by-acquisition model, Solar3D will continue to establish itself as a dominant solar company, increasing revenue and impacting shareholder value.”
It was a city employee. 100% certain.
Fresno tax dollars hard at work
I don't think they will since the interest rate expires Mid September. They probably will not have enough time from the August 20th meeting to do so.
They need Jim there to do the presentation! He would have killed it.
Who is this guy? I really can't believe how unprepared he is.
How do you not bring the numbers to the meeting!!!?!?!?
Basically that any federal or state funded project should not pass because she put a piece of paper on the council president's desk or something along those lines. They'll have a transcript available at the end i'm sure.
haha yes exactly.
Crazy lady speaking. That was hilarious.
Live Feed of the meeting:
http://www.fresno.gov/Government/CityCouncil/CityHallLiveCouncilBroadcast/VideoFeed.htm