I did a one on one as part of the LD Micro conference with management. The most relevant thing to people here is probably revenue capacity at their existing facility which he estimates at 35 million annually. That could probably give us a rough guess of where revenues trends are given the third shift that apparently is being added.
Assume 3 million a shift. They have 2 shifts today and from job postings are in the process of adding a third. That tells me we may see revenue in the 6 million range for Q3 give or take. The fact that they are adding permanent jobs for a third shift suggests they think the permanent run rate is north of 6 million a quarter. I'm assuming about 5.5 million and modeling for .015 a share in Q3. Assuming they are correct about demand trends Q4 would be stronger than that.
They have had some successes with the personal safety section in retail stores although they aren't naming stores. To me this is a significant opportunity. I can envision gas stations, sporting goods stores, and others with personal safety product sections. Successes would be used to market to new retail locations.
They are looking for a permanent CFO so IMO we are going to see some expense bump around that but my impression is as a percent of sales we shouldn't be seeing increases and given revenue bumps it will probably fall.
They did have some supply chain issues around covid and are looking for alternative sources to buffer any potential issues with that. Still think this is undervalued and will see a bump maybe over 1. There really isn't a better story stock for civil unrest, and insecurity. I like the combination of turned around operations, likely cheap on a multiple basis, and the possibility of it being a story stock to boot.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM