Revenue off partly due to $1M lower Adv tech revenue & $2.7 lower Service revenue due to timing. Still missing something. That only gets $36.5M. Hm??
There's the discrepancy with earnings. Nothing negative about that or it would have been a 4 cent loss. That legal fee brought in 71.5 million dollars this year and will bring in much more than that. Money well spent in the one-time fee.
Results in the first quarter of fiscal 2022 were negatively impacted by a non-recurring expense of $24 million, or approximately $0.07 per share, related to payment of legal fees to our outside counsel in connection with settlement of the POSCO Energy dispute
Exxon Mobil should be a done deal we just can't say it, NDA! "Achieved"
“We are also pleased to announce the achievement of a critical technical milestone associated with our differentiated carbon capture application under the Joint Development Agreement (“JDA”) with ExxonMobil Research and Engineering Company (“EMRE”),” continued Mr. Few. “We are proud of the progress being made toward commercializing our unique carbon capture solution.
$377M unrestricted cash. That's 18 quarters of operating cash! I'd say we're good there, lol. Since our loss without the one time expensive 24 million for the attorney's fees is only a one-time fee. Lost would have been $20M for the quarter. Revenue was only going up.
Note over a $55M decrease in cash but under a $21 million decrease in assets. So they've actually improved their assets by $34+M.
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