Radient Technologies Inc V.RTI.H

Alternate Symbol(s): RDDTF

Radient Technologies Inc. is a science-based company. The Company is a commercial manufacturer of cannabinoid-based formulations, ingredients, and products. The principal activities of the Company and its subsidiaries are engaged in research, development, and commercialization of an efficient and environmentally responsible technology for the extraction, isolation, and purification of soluble products from a range of materials using microwave technology and a customized hydrocarbon extraction platform. The Company is focused on the formulation, manufacturing and launching of value-added cannabis products. It utilizes a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant. It develops specialty products and ingredients that contain a range of cannabinoid and terpene profiles.

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Radient Technologies Inc > Long way away from profitability

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Post by hayman2000on Mar 02, 2021 10:52am

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Post# 32694508

Long way away from profitability

From what I can see, they need to get to 10M (20% margin) per quarter of revenues to accomplish their goal of being cash positive on operations, 20M to actually start breaking even. They were nearly at 2M in December, I suspect closer to 3-4M for Quarter that will end this month. They still will need to grow sales by 500% to get to profitability. Don't know where the guys saying this is gonna rocket are coming from. Even if they accomplish all of this (will be a stretch), they will barely be profitable.

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