Looks like plug is still burning cash. I thought this was the turn around quarter?
Down to 100 million cash. lost around 25% of total assets over the last year. When will pluggers learn that they got plugged by a crammer pump and dump?
Plug's revenue per share is only .43 cents ttm. 10x revenue. Plugs market cap is 400 but they only make 75 million revenue and average -40% operating margin? Looks like a scam.
Looks like dilution is coming to raise more cash soon.
Plugs gross margin is usually negative or under 10%. Last quarter they had 24 million revenue but they only made 1.56 million before expenses.
Do you think u can run a profitable business on a 6% gross margin?
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