For the quarter the profitability figures look a bit skewed but he stands by his yearly sales and profitability forecasts despite the Covid 19 situation. Hopefully we see an improvement in the coming quarters. Service costs were high in the first quarter due to peak demand.
So margin on Fuel cells is above 30% every quarter . AS that scales up it will add to the bottom line
Need to be able to generate $21m+ Gross margin from their business to be profitable cash flow (cover R&D and SG&A).
I cannot understand service deals why is revenue not reflective of the installed base? only slightly higher than Q1 last year yet they installed c 25% more systems. I now the costs can go up and down according to how many spare parts they needed etc but the revenues should be $x per quarter per genDrive and $ for each dispenser.. how can that not be in line with installed units?
What hit us hard this quarter was the PPA costs. This implies Walmart did indeed install either a number of installations (were the 4 all Walmart) or at least lots new GenDrives. I hope this is explained in the call in more detail. But if they did why isn't the quarterly revenue reflective of the increase in installed units under PPA. up $300k from last Q1.
I like the hydrogen moves to own more of the supply chain. Should be looked on favorably by analysts and could help the margins in that section of the books although it could be a distraction, they need to have a top guy running that separate from the main business.
no news on drones or stationary (genSure) businesses. Bloom is doing OK why aren't we taking some of their market?
Got to be pleased with the near 100% increase in revenues yoy and over the whisper number.
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