Thursday, January 28, 2016 2:40:00 PM
Very interesting article, thanks for finding it.
So, the JV earned $3m in 2015 and projects $7m in revenue for 2016. I suppose the lion's share of that included sales of PV modules (not just colored glass), and given that the PV modules themselves were 3rd party ones, the margin was likely very thin. Nevertheless, Hanbali said Insolaire was "profitable" in 2015.
Whether the PV panels are fabricated in Dubai or not, makes little or no difference to the revenue for SwissINSO. Mr. Hanbali said that revenue to SwissINSO will "come from both the royalties and the sales by Insolaire".
The article cites capacity numbers far inferior to what we'd seen before I believe (1 million sqm comes to mind, by EOY 2016??). In square meters, it suggests 45k in 2015, up to 105k for 2016, 220k in 2017, and 500k in 2018.
While a doubling every year is outstanding, I'd kinda hoped for more
We're still left guessing, for now, what any of this translates to in terms of revenue for the company in which we hold shares. But when the 10K finally comes out, we can do the math.
So, the JV earned $3m in 2015 and projects $7m in revenue for 2016. I suppose the lion's share of that included sales of PV modules (not just colored glass), and given that the PV modules themselves were 3rd party ones, the margin was likely very thin. Nevertheless, Hanbali said Insolaire was "profitable" in 2015.
Whether the PV panels are fabricated in Dubai or not, makes little or no difference to the revenue for SwissINSO. Mr. Hanbali said that revenue to SwissINSO will "come from both the royalties and the sales by Insolaire".
The article cites capacity numbers far inferior to what we'd seen before I believe (1 million sqm comes to mind, by EOY 2016??). In square meters, it suggests 45k in 2015, up to 105k for 2016, 220k in 2017, and 500k in 2018.
While a doubling every year is outstanding, I'd kinda hoped for more
We're still left guessing, for now, what any of this translates to in terms of revenue for the company in which we hold shares. But when the 10K finally comes out, we can do the math.
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