2018 revenues over 2016 up 11% 2016 revenues $480 thousand.
2018 revenues over 2017 up 66%. 2017 revenues $321 thousand.
2018 revenues $532 thousand.
3 year total revenues $ 1.3 million.
So revenues are up 3 years in a row, since Professor Li’s involvement. All without the power upgrade. All without a single PR of any progress from executives.
Cash on hand $58.9 million 12-31-16
Cash on hand $41.3 million 12-31-17 a 30% decrease from 2016
Cash on hand $35.3 million 12-31-18 a 14% decrease from 2017
So cash consumed from all operational costs for 3 years to achieve revenues of ($1,333,000.00) $1.3 million, totaled $23.6 million. In essence LQMT spent $23.6 million to earn $1.3 million over a 3 year period.
The only upside to this is the cash burn rate has slowed down 100% 2018 vs 2017.
However spending $6 million to generate $532 thousand is disgusting and inline with historical performance. Meaning it should ot surprise anyone who had followed LQMT for awhile now. It’s like getting back a little less than .9 cents for every dollar spent. And yet Professor Li saw fit to offer warrant option rewards to his executives for this type of performance, instead of having a fit over their performance.
Stated in their financial report and by the total omission of a PR. LQMT from what I read, does not anticipate earning huge sums of revenues anytime soon. But they do anticipate earning revenues and perhaps increasing their revenues over last year from possible sales this year.
In essence, their growth and where it comes from is vague. However, they do state that it will not come from CE and they do not completely rule it out. Only that it is not an area for revenues that they are pursuing.
And yet much of the research posted here has an opposing view to LQMT ‘s own statements. So it is not a question of whether LQMT can earn or not earn from CE. It is ignoring the areas of focus that LQMT is seeking contracts or sales to increase revenues. This can lead to many being disappointed and lead to some prematurely selling if they have a one or two year guideline for CE revenues and none is received. Regardless of anyone’s interpretations of any LQMT-Apple-Eontec agreement.
In lieu of LQMT’s income, it can only be concluded that their cash reserves have once again avoided bankruptcy and will continue to do so for the next 6 years without unless they start to earn revenues above their operational costs.
In effect nothing has changed since the peak of 2017. LQMT is still in a long term downward trend, occasionally pausing prior to a financial report. The SP is headed lower. Insider buying may reverse this as so too an announcement of a deal.
Good luck to all
AI
