Followers | 18 |
Posts | 2017 |
Boards Moderated | 0 |
Alias Born | 12/09/2013 |
Thursday, November 26, 2020 10:21:04 AM
Fact: it was their first recurring order since Li took over the company. Instead of an order for just a single batch of product, as per previous orders, this order was for consecutive batches every month for a year. We may not like the fact that monthly recurrent deliveries won’t extend more than a year, but that doesn’t negate the fact that this is a recurring order.
Fact: the number of parts, 120,000 total, is by far their largest order, in terms of volume and revenues, since Li took over the company and their largest order in 17 years. The only order exceeding this one in number of parts was in 2003 when they made simple hinges for Samsung flip phones. And in terms of revenues, the current order may exceed the Samsung order because of part size. Hence it is a volume order. Again, we may be displeased because the volume wasn’t what we expected or hoped it would be, but it was an order of significant volume, especially when compared to the piddling orders they’ve had over the past decade.
Fact: before this recurring volume order, they had no track record of delivering product at this level. No executive from a company like Medtronic or Ford would risk placing a large order with a company that has no tract record for delivering volume recurring orders and no direct, on site, manufacturing facility of its own.
So this order is an important first step and will lead to other volume recurring orders.
Light travels faster than sound. That’s why certain people appear bright until you hear them speak.
Recent LQMT News
- 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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/28/2023 08:41:42 PM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM