THat is what I hope to see on May 8. I don’t expect any massive revenues, or Apple explosion this quarter. But if LQMT is receiving revenue from Tesla we will see it. Some questions I have:
1. Will we have high (relatively) revenue with high costs reflecting a sale through LQMT but produced by Eontec, or lower revenue and low cost reflecting a royalty? I prefer the former.
2. Did we make parts for the Model 3? If we did, and Tesla doesn’t go bankrupt, we can begin to correlate Q1 Model 3 production to our revenue and extrapolate using Tesla’s predictions.
3. Did we only solve a corrosion issue for Tesla?
We had less than $200k in revenue last quarter. Tesla produced fewer than 2000 Model 3s in the last 6 months of last year. Even if we did get paid for them, the amount would be lost. This quarter was closer to 10,000 Model 3s.
In my opinion, the numbers will affirm or refute the financial mechanics between the LQMT East/West dynamic. What I hope for is that they show Kanadien’s theory to be true, without being too big. I want another quarter of cheap prices to buy, knowing that the revenue will be ramping up.
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