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Thursday, May 11, 2017 10:09:10 AM
Long time lurker and holder since 2012. Have been following the company and this board religiously since Li invested and became CEO.
I did pick up on something in the 10Q that is new that I have not seen addressed on the board which I think is an obvious signal of activity that can't be ignored.
To confirm, I went back through 2015 filings and compared to Q4 2016 and the recent Q1 of 2017 just reported. I see something we haven't seen before. Work in progress broken out along with Finished goods (as well as the already discussed Raw materials commitment which it appears they have already taken delivery of some.)
Sections 5 & 6 of the recent 10Q and the 2016 and 2016 10K's
Raw Materials
Q1 2017 $717k vs Q4 2016 $350k vs Q4 2015 $39k
WIP
Q1 2017 $43k vs Q4 2016 $25k vs Q4 2015 $0k
Finished Goods
Q1 2017 $13k vs Q4 2016 $15k vs Q4 2015 $44k
There is still too little information to extrapolate WIP to Finished goods to COGS to Revenues but manufacturing was occurring and ramping up in Q1 (but was probably somewhat stalled if they had to move machinery to a new facility but that is just my guess.)
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:11:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
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