OTCPK:EUCTF - Post by User
Comment by
Ringerton May 01, 2017 2:17am
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Post# 26185741
RE:Will EUO's intensive R&D investment bear fruit?
RE:Will EUO's intensive R&D investment bear fruit?Last year we were told they would sell a Xwinsys system during that fiscal year... Now, 4 months later still no sign of any sales. I wouldn't expect to much in terms of sales this year. Plus, Rowlands has said in multiple interviews that he's looking to raise money so expect the crazy burn rate to continue without revenues for the next year's but with a private placement here and there.
newdaydawning wrote: The current R&D burn rate - 260% of revenues - will likely taper off as EUO grows the top line. Among the biggest pay-offs from the R&D investment will be EUO's long-awaited success in the semiconductor market. We are told that there will be news of that success in the current fiscal year.