Radient Technologies Inc V.RTI.H

Financials are out.

[Steve0123]

https://www.globenewswire.com/news-release/2020/09/14/2093333/0/en/Radient-Technologies-Inc-Reports-Financial-Results-for-The-Fourth-Quarter-and-Fiscal-Year-2020.html

[Smokininvesta]

Revenue looks great!!! Massive barriers to entry have been surpassed and company has a ton of assets. Proving ability to generate revenue in a big way

[Sirlaughalot]

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[HandyAfterall]

Can anyone remember what the revenue was for q1, q2, and q3?  The nf says fiscal 2020 "revenue of $18.4 million".  That would be exciting is if it was q4 revenue. But it's for the year, so I think it means they had almost zero revenue in q4.  anyone care/able to correct me?  I hope so.  have fun, handy  

[Shazam57]

I just sent an email off so I will post the reply when I get one. I wonder if they did the write downs of the 10 or so million this quarter. I think they are to have a confrence call tomorrow though I can't be sure.

[Shazam57]

They sent a reply saying that they are experiencing a high volume of emails and that they would get back to me as soon as they can.

[Bigyellowbus]

Hopefully they get back to you and answer your questions. 

[Shazam57]

I suspect they will. Back in the day it seemed a bit more chaotic with getting replies but it was sure nice to have the acknowledgement that they will get back. I can only imagine how many emails they are getting lol.

[AaronEggs]

Thanks Shazam, appreciate your updates 

[lscfa]

Got the same damn message so forwarded my question to:       [e-mail]

[Shazam57]

On a side note. Covid forced rti to need the delay for reporting so I can only suspect that also hit their daily production capability. So don't be discouraged if their sales were roughly 7 to 8 million for the latest quarter. 

[Shazam57]

From my rough calculations, it looks like it will be $7 million plus or minus a couple hundred thousand for the latest quarter

[lscfa]

Bozo mgmt left us hanging. They've raised about $6 million since March 31. The June qtr has been done for over 2 months. How about announcing some prelim revenues at least. Lousy transparency.    The Company currently has a working capital deficiency of $16,401,248 (March 31, 2019 positive $30,134,149 working capital). The change year over year indicates that there is

[lscfa]

Still spending too much....     Qtr ending Revenue Expenses CFO PPE investment W/C Mar 20 5,899,177 6,276,702 (6,990,573) (893,734) (16,401,248)

[lscfa]

Fire those damn 25 scientists on staff for god's sake....

[Sirlaughalot]

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[Shazam57]

Curious, how much do you think their burn rate is? Brake it down to monthly please.

[Sirlaughalot]

This post has been removed in accordance with Community Policy

[Shazam57]

Ok, so when everthing get said and done then their net profits should be sweet. 

[lscfa]

Did these bozos sign fixed contracts with 3rd parties and not tie it to volume?        Qtr ending Revenue 3rd party servcies % of revenues Mar 20 5,899,177 2,118,398 35.9% Dec 19 11

[lscfa]

As at March 31, 2020, Aurora held 33,101,542 shares in the Company resulting in a effective ownership of 11.9 % of all issued and outstanding shares. Aurora has representation on the Company’s board of directors and accounts for 98% of all revenue for the year ended March 31, 2020. The Company has determined that a related party relationship with Aurora exists as at March 31, 2020 through their