Manufacturing started in October when they issued the Certificate of Occupancy. However, the vent permit has delayed them from completing the last two steps of process. Now, the vent permit was issued last week, construction no more than a day or two, and then production resumes!
In the End of Year update it was stated that Global would start the new year at or near full production though, as you know, the start has been delayed by at least two weeks now. The company also said they would ramp up production through the second quarter before leveling off. So, we know that Q1 will be a partial quarter so I'm expecting Q1 revenues to come in at somewhere between 5 and 15 million dollars. Q2 should be at or near full production and if producing at capacity, well, that's nearly $30 million dollars in revenue, woohoo!
Now, these numbers are based on the companies capacity but demand is key here too. However, with $38 million in backorders it seems there is plenty of demand. So, if the capacity is there then it's only a matter of efficiency and figuring it out, right, which may take a quarter or two to ramp up. Finally, the oil spigot will be turned on any day now, possibly today, and in just a couple short weeks we will be selling oil and no stopping this train then. Go $GCGX.
News 
Market Data 
Discover 
