2007 was when they had only battery shells. Even that part of the business has been growing the last couple quarters so that problem must have worked itself out in the past two years.
The 80% capacity was the battery SHELLS which create less revenue and profit margin than the complete batteries which the company is branching into now. They have plenty of capacity to increase the complete battery division.
The one customer they had buying all their complete batteries was a "middle man" type operation. There's no way to know how many actual customers were buying the batteries.
The new, $4.1 million contract, was considered a "milestone" because it was an additional customer buying directly from them. Those are the facts.
So you believed the CEO when he said 80% and didn't believe the CEO when he says he growing the business. That's selective processing on your part. I told you to step back and re-read the 2007 letter and you refuse. Suit yourself.
It's easy to grow capacity and harder to get orders. That's the part your having problems with. You can lose a customer lots of ways. Price, quality and service. They lost on price. And they could lose on price in the future, there is no guarantee.
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