Replies to post #27370 on Alternus Energy Inc. (fka ALTND)

[stockguru1971]

Awaiting your considered reply

Here’s the facts

company story just keeping better.

Company saying what it’s doing and doing what it says.
https://finance.yahoo.com/news/alternus-energy-reports-second-quarter-121611789.html
Key Financial Highlights for Q2 2019:

Revenues decreased by 4% to $0.934 million, due to closure of lower margin business

Gross profit increased by 64% to $0.772 million

Gross margin improved to 83%, up from 48%

Adjusted EBITDA of $3.8 million, due to gain on bargain purchase

Net Income increased to $2.3 million, compared to a loss of $0.1 million in prior year

Shareholders equity increased to $7.8 million, from $5.0 million in prior year



Files form 10 https://finance.yahoo.com/news/alternus-energy-files-sec-form-122833003.html

Marcum (top 5 company) gave them “no going concern” issues in last 3 years audits. https://finance.yahoo.com/news/alternus-energy-completes-files-audit-123000194.html

Increasing number of profitable projects in Europe. https://finance.yahoo.com/news/alternus-energy-agrees-acquire-11-123000238.html
https://finance.yahoo.com/news/alternus-energy-continues-italian-expansion-130000115.html

Increasing work force

Building strategic relationships with experts in the industry https://finance.yahoo.com/news/alternus-energy-signs-agreement-leading-123000663.html

Multiple bank relationships https://finance.yahoo.com/news/alternus-energy-closes-9-75-123000057.html

[usmcallen]

Yup here there you are. Going down? Maybe next month? Maybe next year? Make any good guesses lately?