Significant margin compression due to inflation pressures..
Now I understand why the owners sold. Margin erosion began during Covid and accelerated recently in a big way. The APL team lacked adaptability.
Despite recent warrant acceleration, Cash is the near term concern so Q1 results (out soon) should answer some questions.
Bigger picture potential is still there especially with Q3 tolling rev potential and as we get further details on SCM commercialization plans.
Shares out plus a large number of warrants has the f/d shares near 150M or a 45M market cap for a company with barely $20M sales trying to claw back gross margins toward 20%. That’s very overpriced imo… investors are giving too much valuation premium to unproven uncommercial IP. So I’ll hold a few and watch for the market to come to its senses. But insiders are strong supporters of the stock so that’s a big plus and certainly buttresses the share price
Recent PLAN News
- Progressive Planet share buyback starts strong, building long-term shareholder value • PR Newswire (Canada) • 07/11/2024 11:30:00 AM
- Progressive Planet Announces Normal Course Issuer Bid • PR Newswire (Canada) • 06/04/2024 11:30:00 AM
- Progressive Planet Announces Superb 28 Day Compressive Strength for New Low Carbon Cement • PR Newswire (Canada) • 05/02/2024 11:00:00 AM
- Progressive Planet Announces Superb Compressive Strength for New Low Carbon Cement • PR Newswire (Canada) • 04/11/2024 11:00:00 AM
- Progressive Planet Announces Issuance of Stock Options • PR Newswire (Canada) • 03/14/2024 09:33:00 PM
- Progressive Planet Announces Record Net Income for Q3 • PR Newswire (Canada) • 03/08/2024 07:41:00 PM
- Progressive Planet Provides Corporate Update on Cement and Fertilizer Innovation • PR Newswire (Canada) • 02/23/2024 01:30:00 PM
- Progressive Planet Completes Sale of Equipment to CarbonIP • PR Newswire (Canada) • 02/20/2024 01:30:00 PM
- Progressive Planet Announces Change of Senior Management • PR Newswire (Canada) • 02/15/2024 01:30:00 PM
- Progressive Planet Obtains up to $0.37M in Funding from NGEN for PozGlass™ 100G Pilot Plant • PR Newswire (Canada) • 02/08/2024 01:30:00 PM
- Progressive Planet Signs First Agreement for Continuing Royalty on Existing IP • PR Newswire (Canada) • 02/07/2024 01:30:00 PM
- Progressive Planet Provides Corporate Update for Fiscal Q3 2024 • PR Newswire (Canada) • 02/01/2024 01:30:00 PM
- Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 2024 • PR Newswire (Canada) • 12/06/2023 03:09:00 PM
- Bromley Creek Quarry Receives New 5-Year Permit • PR Newswire (Canada) • 11/27/2023 01:30:00 PM
- Dual-Listed CleanTech Company Receives Five-Year Permit • AllPennyStocks.com • 11/27/2023 05:00:00 AM
- Dual-Listed CleanTech Company Receives Five-Year Permit • AllPennyStocks.com • 11/27/2023 05:00:00 AM
- Progressive Planet Provides Operational Update • PR Newswire (Canada) • 10/30/2023 12:30:00 PM
- Progressive Planet Launches New Soil Conditioner Product to Further Reduce Chemical Fertilizer Application • PR Newswire (Canada) • 10/06/2023 12:30:00 PM
- Progressive Planet Reports Financial Results for Fiscal Q1 2024 • PR Newswire (Canada) • 09/25/2023 05:47:00 PM
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - PLAN • PR Newswire (Canada) • 09/11/2023 08:30:00 PM
- Canadian Investment Regulatory Organization Trade Resumption - PLAN • PR Newswire (Canada) • 09/11/2023 08:27:00 PM
- TSX Venture Exchange Stock Maintenance Bulletins • PR Newswire (Canada) • 09/08/2023 11:57:00 PM
- Progressive Planet Shares to Resume Trading on Tuesday, September 12, 2023 • PR Newswire (Canada) • 09/08/2023 11:14:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - PLAN • PR Newswire (Canada) • 09/05/2023 03:25:00 PM
- Canadian Investment Regulatory Organization Trading Halt - PLAN • PR Newswire (Canada) • 09/05/2023 03:22:00 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM