Product = BAM1 DragonSilk fiber & soon to be most likely the Pima Cotton & DragonSilk blend yarn made from this first batch of fiber and next batch of fiber which should be ready in the coming weeks and so on. To say they have no product right now isn’t accurate anymore.
Revenue = Yes, we can all agree still no revenue, but now that the first commercial batch is done, more cocoon fiber product is on the way. In addition, the cocoon fibers will be turned into yarn and most likely the Pima Cotton and DragonSilk blend, then turned into Spydasilk clothing pieces which will probably sell for a premium. Revenue is expected to be achieved in either late 2024 or first part of 2025. It just seems inevitable at this point that revenue is going to be generated.
Profit = Yup, no profit for now, just debt and burning cash. But, when product prices are revealed or revenue starts coming in, we can then start making our predictions based on those and updated financial statements. Until we see prices of product or they start generating revenue so we can see actual numbers, talking about or predicting profit is like trying to catch rainwater with tissue paper. But we will still do it anyway. Lol
Kong on.