Lowered losses?
It should be noted that Alterrus hasn't even operated a full year. They opened their facility a year ago, but as is with all start-ups (be it plants or facilities), it can take over a couple years to get bugs fixed, and the processes streamlined and to full potential. That said, they only started with revenue and customers back in March 2013, and it was scattered amounts at that. Since March 2013,they have 4 to 5 times the customers, they have more than doubled the products, and are continuing to grow their operation. Most start-ups take several years to reach profits. Remember, they are paying interest and principal back on a VanCity loan. So when and if they pay that loan off, that is now all profit as well. They are also funding R&D work that would be shared among every operating facility if more facilities in more cities are introduced. The fact that, in less than a year, they have achieved over 2/3 the revenue needed to cover the operating costs ($210K revenue vs. $329K ), I believe is very positive news. Also, I expect to see revenue continue to rise as they introduce new products (particularly ones with more margin; i.e. basil and micro-greens).
