SOMETHING TO WORK WITH!!!Our partners appreciated our ACC value proposition and engaged with us immediately. We expect these to be the first of many orders over the next few months as we ramp to mass production.”
Read more at https://www.stockhouse.com/news/press-releases/2018/09/11/spectra7-r
Without divulging precise sales figures, (which any NEW technology related product.company shouldn’t , due to the competitive nature involved here), I don’t know how the man could of made a more bullish statement about what his expectations for the company should look like over the coming FEW months!!!
I am probably just as skeptical as anyone here, but there is just no way they are sharing detailed sales figures at this time with John Q Public.
We are just forced to try and create some conservative estimates based on the information we are sharing in our little message board community.
From what we have pieced together here, it seems that a hyper DC could order in the neighborhood of 200,000 cable connects from our micro cap company.
Multiply this X 2 orders and we are at about 400,000 cables at $10-15 per unit is gross revenue for our little micro cap , resulting in about $4 million if you use the smaller figure of $10 per unit!
This revenue will probably hit the books in Q4 along with any VR revenue just in time for the Holiday retail season. The boss did talk about the inventory overhand due to lack of sales in the VR space had begun to dry up and that should lead to fresh chip sales. Let’s throw in $1 million in Q4 for sales of 200,000 chip sets at $5 per unit.
Currently the company’s quarterly Operating costs are just under $3 million.
So, at $5 million in revenue in Q4 @ 55% GP ( $2,750,000)! YUP, darn near break even for the quarter with promises of MANY MORE ORDERS on the way!!!
The Boss did talk about how quickly the company could get to Break Even Numbers!
DISCLAIMER and a couple of cautionary points:
1.We really don’t have any idea what the size of these 2 DC orders actually are, they are strictly guesstimates. We will probably have to wait until mid February 2019, when they will release revenue figures. (They are not required to separate the sales figures by category, example DC sales as compared to VR sales if they feel it is a more proprietary stance to take.)
2. Q3 sales figures could still be really weak and depress the momentum and short term share price. I am hoping they have booked some VR CHIPS In Q3 and can move the needle considerably above Q2.
I would have loved to see the share price move 20-25% percent on today’s news, however they are in a like very sensitive time frame with the hopefully impending PP!
Keep the good info coming!
PS SAM and CHAMP, your too funny!,,))