OTCPK:EUCTF - Post by User
Post by
Bruceforeveron Jul 12, 2017 6:43am
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Post# 26458643
My 9 cents
My 9 centsEurocontrol generated $560k in revenues for the first three months of 2017, but $417k was cost of revenues. This is 74%. No way to be profitable. Gross profit was only $143k. Of course that revenues are important, but if the cost of revenues are so high, this Company is going nowhere.
Add here $827k in R&D during the first 3 months. And the last 4 quarters was $3 million. I want to point here that EUO has spent more than $6,7 million in R&D in the last 5 years. This is more or less the total market cap (wait to see next Q2, how much money went to R&D).
Add here another important item: the operated expenses of sales and management and general Admin cost. More than $4,7 million in the last 5 quarters. Do you really know how many revenues do you need with such cost? It’s insane. This is more than the half of its current market cap
No one product sold in Xwinsys yet and we are at July 2017. And Xenemetrix cannot do anymore. Let’s talk about Croptimal? They said first revenues should come this year. No one update
Bruce, why don’t you go home with Doron? YTD -52%, no news, no update and no confidence. I believe in you, and we are watching you.
B4ever