Replies to post #1243 on Wolf Energy Services Inc (WOEN)

[Oxonius]

I'm confused:
"Our revenues increased to $1,180,634 for the three months ended September 30, 2018 as compared to $2,362 for the three months ended September 30, 2017. $1,000,000 of the total revenues is a result of the multiple Voraxial units we delivered in August 2018"

Now, where in the deal does it state that we are actually transferring actual units (rather than intellectual property) for the final $1 million?
"At closing, we sold our intellectual property (the “Purchased Intellectual Property”), substantially consisting of the Voraxial patents, marks, software and copyrights, to Schlumberger in consideration of up to $4,000,000, of which $3,000,000 was paid to us at closing and the balance of $1,000,000 was payable upon satisfaction of the following post-closing conditions: (i) the complete transfer of the Purchased Intellectually Property to Schlumberger; and (ii) the provision to transfer information, assets and services to Schlumberger."

I'm not sure that the typo "Intellectually" helps us in our understanding of this.

[stanley01]

CPTMatt regarding EVTN’s earnings

Yes, .012 is about how much I expected. I think in the quarter ending March 31st, 2019, they could probably net 700-800k from that 2 million contract— so hoping for a .02-.025 EPS quarter. Not sure about the quarter ending dec 31st due to holidays and oil prices tanking. The only orders they would have for that quarter would be from Schlumberger since they mentioned they don’t expect anything from the utility order till 1st qtr 2019.

In any case, with the current balance sheet and profitability from the utility order, they have bought themself more than enough time to keep the party going. If we get decent orders from Schlumberger or continued orders from industries outside oil and gas, I think we could go a lot lot lot higher.