Post by
Possibleidiot01 on Nov 29, 2023 7:20am
based on past competence
Management is hopefully correct with their concluding sentence at the end of the outlook section of what was a poor quarterly report.
"Imaflex continues to face challenges posed by economic conditions and a competitive operating environment," said Mr. Abbandonato. "Consequently, business fundamentals are taking longer to improve than originally anticipated. This said, the Corporation continues to focus on the future, and we are encouraged by our progress. The remaining equipment purchases are scheduled to arrive over the coming months, heightening our ability to meet future demand expectations as markets recover. To bolster our market position, we have augmented our sales force in recent quarters and are actively working to fill unused capacity, while exploring new opportunities. Moreover, securing U.S. EPA approval of ADVASEAL® remains a priority and we are hopeful that a decision will be taken by the end of the first quarter of 2024. These initiatives underscore our commitment to innovation and market expansion. We remain excited about our medium-term growth opportunities and with a strong financial position, we are confident in our ability to navigate evolving market dynamics and deliver sustainable growth."
Comment by
tenbagger_please on Nov 29, 2023 9:44am
Employee count at 269 vs 242 last year and 260 last quarter