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Catch the Wind Ltd V.CTW



TSXV:CTW - Post by User

Comment by RE38on Apr 13, 2012 4:06pm
186 Views
Post# 19792323

RE: Guess

RE: Guess

They just had a fair bit of orders and product development news recently. How many more can you expect with a $125K per unit product? The companies need time to test them before they invest millions. Their breakeven is $16M in revenue a year. The target is $600K for Q1 which isn't great but not unexpected as Jacob Securities outlines in their analysis. Q2 looks to have already a couple million in revenue between the $600K delay from Q1 and the contract with enXco and any run off from last year's delays and the quarter is just getting started. A couple more EnXco-like contracts and they breakeven. I'm not even considering the Saturn sales - I assume this is what is delayed from Q1 to Q2 since I heard off this board that the sale was for 5 units and the $600K makes the math fit nicely. But looking at their project and it looks a lot bigger than 5:

https://saturnpower.ca/wind-development/wind-projects

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