RE: RE: RE: Electrovaya Q2 results are great! Vara: you should read the Income Statement and the Balance Sheet, not the press release. IS and BS contain less propaganda.
Fact: Q1-> little cash burn (probably because Chrysler paid up); Q2 ->$1.6Mill cash burn. Likely cause: Arizona Power has not paid yet.
Fact: Revenue went down Q1: 2.504; Q2: 2.394 Million
Fact: Direct manufacturing costs went the other way: Q1: 1.784; Q2: 1.90 Million. That's really not great!
To understand the use of cash, look into the notes. You should also be concerned by the fact that Mr. Paul Hart admitted 3 months ago in the conference call that he had recognized virtually all of the APS system revenue, even though it had not been delivered yet. This time, he shows another $2.4Million in revenue. This can only be by recognizing the revenue for the BES-systems for Manitoba and Ontario, neither one of them has been manufactured yet. The cash burn (more than 2/3 of revenue !!) tells us, that APS has not paid yet, which tells me that the APS situation is less rosy than depicted.
Anyway. It should not be my problem how you spend your money, but I feel that your dreams of getting rich quickly (EFL share price to $8) will not come true.