Replies to post #10571 on Aqua Power Systems Inc (APSI)

[samson8]

You cherry picked the financials a bit there. What about the $2m in operating expenses putting them at a net loss?

And remind me again where you got this "industry average" p/e ratio? Oh yeah that's right, another poster on Ihub said it, so must be right

[i_like_bb_stock]

Only a small part of 2022 was tradition even part of apsi not sure how that works you surely can’t report all of traditions financials in the annual so not concerned over it either. As for Q1 could be a seasonal thing where they do better certain quarters we’ll have to see that when q2 comes in

[netmoney1999]

And they burned ~1M in cash in Q1 and had to tap their line of credit more which was almost maxed out.

So much for all that revenue in the pump PRs.

[reader3]

Also, their losses are probably an accounting adjustment for the decrease in stock price during the dump off, which can be a negative 'investment' charge, so it's probably more profitable that this brief report looks.

[Vipyr]

Exactly my point. You and I both know that the revenue for first quarter of 2023 is extremely lite. And we know that it is IMPOSSIBLE to not have revenue for 2022. I am not concerned whatsoever. And thank you for posting this and breaking it down!