Wednesday, December 12, 2018 8:04:34 PM
The $8 million revenue for break even was determined by calculating the revenue necessary to offset the “burn rate”. The problem with that assumption has to do with staffing. Out of something like 25 employees, probably 10 are R&D, 5 are Administrative/support and maybe 10 are capable of actually running the equipment. Multiple machines and multiple shifts require a much larger operating staff even with robotics. They are a staffed for prototyping and funneling the actual production to Eontec (except for a few bits and pieces).
They stated the intention to use Eontec as a contract manufacturer for any substantial orders so I see that as the path to profitability. LQMT will function as the Market Development and become commission collectors...at least for now.
Perhaps an “insurance model” is a better way to think about LQMT...Sell the policy (develop the application), step back (collect the commission) , go sell some more policies (applications). Basically developing a portfolio of commission streams.
Interesting about the 50,000 pounds of something shipped to Thyssen.
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:14:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:11:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:49:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:15:45 PM
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