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Thursday, October 01, 2020 3:52:48 PM
the company’s liquid metal product sales revenue was RMB 70,978,800, an increase of 71.25%
Those numbers will be higher for the next 12 months, but assuming the percentage of hinge revenue to other products remains about the same, that still doesn't leave much revenue from LQMT parts; especially when it's a near certainty that LQMT orders will account for just a (probably small) percentage of the 30% non-hinge revenue. In fact, looking at LQMT's revenues over the same reporting period, they could not have accounted for more than about 12% of the $3.1 million non-hinge revenue.
Of course, we don't know the mark up that LQMT will charge for their parts, but any way I look at it, I don't see LQMT revenues yielding enough money to get the stock price near $.50, let alone to $1 as some have predicted. Of course, that's just my $.02 based on the numbers supplied by Yihao.
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