RE:RE:RE:PTE full year audited results are out as of 9:30 MSTWCoyote wrote: FarmerInvestor4 wrote:
What I don't like
- increased administration expenses including stock based compensation.
- trade receivables over 30 days at $1.8 million
Maybe you’re not experienced with retail channels, but 30+ days on receivables is de rigueur. So is increased administration with increased sales activity. Comes with the territory.
I see no worries here.
Good... nice to hear other opinions.
In the agriculture sector, my accounting standards are "cash" basis. And as a dirt farmer the old saying ,"It's not in the bin yet!" are words to live by...
If that $1.8 million comes in no problems, this company has good cash amounts on hand to maintain inventory levels and hopefully pay down debt. Just keep the sales coming... I would be curious to see the amount of sales coming through the distribution channels (Home Hardware, Home Depot etc)
I am a little surprised to see the pullback in share price, but this is a good buying opportunity. As Beagle said in a previous post, the January 10th news release is not accounted for in these financials... those revenues will show up end of Q1 and beginning of Q2 pending how the company made the official sale. So to me, the start of the new fiscal year is exciting! And we will find out soon enough with Q1 unaudited financials due out end of February
Before year end financials, the stock was trading at P/E of 50 +... if we can get back there, it means the stock is $1.50+
I would assume all those with $0.25 warrants remaining are giggling at the moment. The excercising of these warrants will likely put some pressure on the share price short term.
But exciting times are ahead. I see good things happening for PTE in the upcoming year as coil burners slowly phase out. To date, I am unaware of any competitors yet that are close. Does anyone have any info otherwise?
Thank you, and Good Luck to All!
FI4