Company continues to make good on promises
Still liking AXION. They did not reach $3.2 million for Q3, only $1.27 million in sales this quarter. I don't think they will reach $10 million for the year, maybe more like $6.5 million.
They still continue to improve their growth metrics:
(1) Top line revenue is increasing, supported by a stronger product mix and customer base.
(2) Gross margins are improving.
(3) Product catalog is increasing. The 10-Q mentions some product for use in tunnels. I didn't notice much detail on this, but it shows that this company isn't just selling railroad ties. It also proves that their plastic really is useful in several applications. For instance, construction mats seem to be
delivering (1) or (2) success stories based on their 10-Q.
(4) Management is motivated and reaching for new markets, Russia
for example.
Good luck to all you beautiful people.
-D&C
