Post by
TheRainman on Nov 29, 2023 12:14pm
$10,000,000.00 in 2024
SO they have put in in writting this time that they are expecting up to 10 Mil in revenue in 2024.
Those who have been around long enough will see the irony in this statement and figure.
My question is : Assuming they do hit 10 million in 2024....What are your thoughts on what the share price would look like ??
Just curious.
RM
Comment by
spck11 on Nov 29, 2023 2:22pm
irrelevant as we all know there is a 0% chance of that happening lol. But to answer your question anyway, it would be wild. Insane revenue growth, would actually make a profit. Would make any dilution fears go away. Probably would rocket the stock to at least a dollar
Comment by
Longholder99 on Nov 29, 2023 5:20pm
Haven't they hit their sales targets as advertised so far?
Comment by
spck11 on Nov 30, 2023 8:38am
Not even remotely close. We wouldnt have the ask at 0.08 if the targets they have been laying out were hit,
Comment by
Charlesp on Nov 30, 2023 2:25pm
Wasn't the target between 2.5M and 4M$ in sales for 2023 ?
Comment by
Longholder99 on Nov 30, 2023 9:46pm
Yep. They are delivering on their sales targets.
Comment by
Seanymack on Dec 01, 2023 1:02pm
Didn't they say they would have 4 million in sales by the end of 2023?? 1 month away and not even close
Comment by
Longholder99 on Dec 01, 2023 3:53pm
Uhhhh. No. They said 2 to 2.5M by end of 23 So......ya. delivering what they said they would.
Comment by
spck11 on Dec 04, 2023 9:19am
This is pretty disengenous. Their sales targets have always implied revenue and and how much they are gonna book. They missed those significantly in 2022, 2021, 2020, etc. Yes, they hit the low end of their 2023 estimate, but when they released that estimate in 2022 it was implying booked orders for the year, not deferred revenue that comes in over 10 years.
Comment by
Longholder99 on Dec 04, 2023 1:13pm
A pivot in financial terms to make the purchase easier for growers that translates into recurring payments and revs seems like it was necessary to keep.the sales coming. Growers live on tight margins. Getting the revenue however they have to is just plain making things work. How it i reported is something one has to also adjust to.
Comment by
lscfa on Nov 29, 2023 2:46pm
$10 mil in sales, not revenues. Revenues are the discounted (present value) of the payments from sales which could span as long as 10 years.