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Thursday, August 15, 2013 1:43:04 AM
Q2 2013 - Quick summary
Quote from press release:
"In the second quarter we've continued to grow our sales pipeline and we are on track with our strategic plans for 2013 on all fronts. We are exactly where we expected to be after the first six months of the year. We reiterate our statement from last quarter that achieving higher sales volumes, coupled with being a vertically integrated manufacturer, puts us on a path towards positive earnings. We expect to see increased sales volume in the second half of 2013, as planned. Major sales initiatives in our pipeline are on schedule and our current backlog and sales opportunities give us a high degree of confidence that we can expect to double AXION's sales in calendar 2013 over 2012 revenues of $5.3 million," stated AXION President and CEO Steve Silverman.
"As we move forward, it is important we control our own manufacturing facilities from a quality and cost perspective. In the second quarter we took complete control of our own manufacturing facility in Waco, and purchased the second extrusion line that is on schedule to go live September 1. This will allow us to run more pounds of plastic through a fixed overhead, thus lowering our costs. Lastly, we now have a foundation to vertically integrate our raw material supply. We are carefully evaluating various other backward integration strategies that can further improve our margins and provide us more consistent pricing and supply of raw materials."
"We continue to show that ECOTRAX(R) is the highest quality product on the market. We have tightened our quality standards and metrics again this past quarter. It is a primary focus to show the marketplace that our Company produces a consistent quality composite product. Extended use and testing by our customers and third party labs prove the consistency and quality of our products."
-D&C
Quote from press release:
"In the second quarter we've continued to grow our sales pipeline and we are on track with our strategic plans for 2013 on all fronts. We are exactly where we expected to be after the first six months of the year. We reiterate our statement from last quarter that achieving higher sales volumes, coupled with being a vertically integrated manufacturer, puts us on a path towards positive earnings. We expect to see increased sales volume in the second half of 2013, as planned. Major sales initiatives in our pipeline are on schedule and our current backlog and sales opportunities give us a high degree of confidence that we can expect to double AXION's sales in calendar 2013 over 2012 revenues of $5.3 million," stated AXION President and CEO Steve Silverman.
"As we move forward, it is important we control our own manufacturing facilities from a quality and cost perspective. In the second quarter we took complete control of our own manufacturing facility in Waco, and purchased the second extrusion line that is on schedule to go live September 1. This will allow us to run more pounds of plastic through a fixed overhead, thus lowering our costs. Lastly, we now have a foundation to vertically integrate our raw material supply. We are carefully evaluating various other backward integration strategies that can further improve our margins and provide us more consistent pricing and supply of raw materials."
"We continue to show that ECOTRAX(R) is the highest quality product on the market. We have tightened our quality standards and metrics again this past quarter. It is a primary focus to show the marketplace that our Company produces a consistent quality composite product. Extended use and testing by our customers and third party labs prove the consistency and quality of our products."
-D&C
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