Radient Technologies Inc V.RTI.H

Reduced Margins Email:

[Stickman]

Adam Deffett at IR responded:

We were told by the securities regulatories after we had reaffirmed our Q3 revenue guidance that we could not issue sales guidance without also providing guidance on the costs of the revenues (ie. margin).  We had a very lengthy discussion with them, and pointed out that this has been done by many public companies, but were told that this is the new standard that they will be enforcing.  

 

Margins in FQ3 were negatively impacted by the cost of biomass and some reduced processing times as we shut down Ed 1 while doing work on Ed II.  With the addition of capabilities to produce resin and distillates, ultimate processing volumes will depend on the end product.  Looking strictly at a crude extraction basis, we are running above 200kg/operating day.  

 

Hope this answers your questions.

 

Kind regards,

 

Adam