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Absolutely correct and as executives Li & Bryce

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Researchfyi   Sunday, 10/11/20 05:21:49 PM
Re: Watts Watt post# 203144
Post # of 213373 
Absolutely correct and as executives Li & Bryce have stated; prototypes for new parts, not new part orders greatly increase the cost of operations.

The monthly estimates were based on no increase in operating expenses. $294,666.00 thousand is what it would take to break even.

They would need just $3 million in new part orders or new contracts. In other words $250,000 of new reoccurring part orders monthly. Mathematically that would be $883,998.00 thousand in total revenues from all sources. $133,998.00 from existing reoccurring orders and $750,000.00 from new reoccurring orders per quarter.

If anyone believes that the commentary from the last 10Q equals at the very minimum $750,000.00 thousand in new money or close to it, then now would be the time to think about adding more shares or getting in if you do not own LQMT stock. On the other hand, if anyone does not believe those new reoccurring orders will not be above $450,000.00 for the quarter, then perhaps there will be plenty of time to add or buy into one of the longest Penney-land bets.

Good luck to you.

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