THEY WILL NEVER SAVE THEMSELVES
BECAUSE THEY ARE NOT WORTH SAVING
THE HEAD-FAKE FOLLOWED BY A BAD QUARTER
They usually make a run at some Equity Financing after they
try "Putting Together" a Quarter that feels like a Turnaround.
Then they Surprise everyone with a Follow-Up BAD QTR .
And That's Exactly What They've Been Trying To Do, AGAIN .
BUT THIS TIME IT APPEARS THAT INVESTORS
ARE NOT WILLING TO FALL FOR THAT: "AGAIN"
FIRST QUARTER PR's = 12.01 MW's OR $11.41M
The First Quarter Of Any New Fiscal Year Has Always
Been The Best Quarter For Receiving: "Placed Orders"
Which Are Then Commissioned Into: "The Future"
* 4.68 MW's Will Be Going Into Next Quarter-2
* 5.13 MW'S Will Be Going Into Next Quarter-3
* 2.20 MW's Are Unknown For Sometime In 2019
QUARTER-1 WILL BE THE WORST IN 8 YEARS
THESE NEXT 4 QUARTERS ARE VERY LOW
AND MOST FUTURE QUARTERS ARE EMPTY
FY-2018: PRODUCT + SERVICE = ESTIMATE
Q1: 02.60MW + $7M = $09.47M ---> ACTUAL = TBA
Q2: 12.46MW + $7M = $18.84M ---> ACTUAL = TBA
Q3: 06.38MW + $7M = $13.06M ---> ACTUAL = TBA
Q4: 00.00MW + $7M = $07.00M ---> ACTUAL = TBA
* Need To Average $25M To $30M Per Quarter
Even If Off A Little Bit - Q1 Is Looking Very Weak
Usually The Typical Surprise After Any Dilution
PRODUCT REV WILL NEVER HIT $15M
Q1: Product Rev Est = $02.47M ..... Not $15M
Q2: Product Rev Est = $11.84M ..... Not $15M
Q3: Product Rev Est = $06.06M ..... Not $15M
Q4: Product Rev Est = $00.00M ..... Not $15M
* Need To Avg $15M In Product Rev Per Qtr
* At The Same Time Avg $10M in Serv Rev
FUTURE FY REVENUE ESTIMATES
2017 Total Fiscal Year Rev Est = $82.39M
2018 Total Fiscal Year Rev Est = $48.37M
2019 Total Fiscal Year Rev Est = $28.00M
* Need To Avg $100M To $120M Per FY
AUTHORIZED & OUTSTANDING SHS
AS = 515,00,000 ----- OS = 36,000,000
AS Kept High To Anticipate 2nd R-Split
OS Is 720M Equivalent To Old Pre-Split
COMMENTS
Total FY 2017 Revenue Estimated To Be $82M.
But They Need ~$110M For EBITDA Breakeven.
FY 2018 Is Looking To Be The Worst In 10 Yrs.
FY 2019 Has Very Little And Questionable Data.
Need $15M Product + $10M Service Qtrly Revs.
Last Q2: Gross Margin Sank To A Low Of Only 5% .
Last Q3: Gross Margin Worse At "Negative" 20% !
Last Q4: Gross Margin Is Still A Well Kept Secret.
Company Claims It Needs To Avg A "Positive" 23% .
As Well As Reduce Operating Expenses By 42% YoY.
THE COMPANY IS ON TRACK FOR CATASTROPHE
LIKE A DOWNBOUND TRAIN SCRAPING BOTTOM
NEVER GAINING CONTROL AS IT JUMPS TRACK
CRASHING INTO A SWAMP OF COLD DARKNESS
NEVER TO SEE A SUNNY DAY OF GRACE AGAIN
JMO
