As promised; From LQMT’s March 2022 10K…
Annual revenues decreased 18% year over year from fees and manufacturing parts sales. Gross profit decreased 50.2% year over year.
There were absolutely no explosive data or going forward commentary of any kind or any misleading forward worded commentary from LQMT to indicate any reasons for the stock to increase in value by any amount. The 10K filed is a very detailed account from a new accounting firm detailing how revenues are recorded, when products are shipped and the probability of collecting the revenues are probable as well as when revenues are recorded as deferred etc.
In it is found no basis for why anyone would no more from the outside than those executives accountable to the shareholders for its operations positive or negative.
The posts of the 10K data are factual. How one views the data as positive or negative is irrelevant. What one does with the facts are what really matters going forward. Knowing the facts and reality of what LQMT is doing and attempting to do, imo, will help all formulate a sound strategy.
Speculation of outcomes from trademarks and patents and partnerships can mislead anyone that contracts may be imminent. How many times has an investor said to themselves; This is the year LQMT goes to a dollar? How many times have investors said; that’s it I’m out this year? And what did we all based this on facts or speculation? I believe much of it was on twisting the facts to suit our own speculations.
After so many years of doing this being that I am invested in LQMT over twenty years, I try to form a positive strategy on the facts and give less credibility to the speculation since 2017. That strategy posted dozens of times seems to be the most successful strategy, while waiting for LQMT to grow revenues.
Before contracts ever existed at inception just about all outsiders invested in LQMT on speculation. Even with a few new contracts new outsiders since 2010 have invested purely on speculation.
The LQMT is 70 pages filled with important information and many more pages in the external exhibits of filed statements, some marked confidential and all filed with the S.E.C.
The numbers are easy to discern. The written data not as much. As I review the 10K, I will post what I find that may help all invest or not in LQMT. More to follow.
Good luck to all in LQMT.
LQMT’s share price may drift lower once again. But it is not the end of LQMT. Just another opportunity to earn more $$$$.
