RE:RE:RE:3M REVENUE THIS QUARTER. 6M FOR THE NEXT QUARTER! PROFITABLERead the transcript. Sounded positive and encouraging, as would be expected in a typical EFL CC. Unfortunately, we've heard doubling of revs before and doubling from a reduced target only to get back to where you were 1-2 yrs ago isn't much of a doubling. If they do get to an $8mil Q4, that would be cause to take notice. But also, the backlog would have to increase by $10-15mil in the next few months to guarantee a continued increase into 2021. Otherwise, they drop off, ... again.
It is good to hear some new projects using their products e.g. Frozen food warehouse out west. And a car manufacturer. Walmart sounds like they will to continue to outfit more distribution centres. Raymond becoming a bigger source of sales. All in all, if they can run with this, they may just make it.
And the batteries appear to be functioning well. No horror stories we know about so far.
Plus, we now know why nicky couldn't track their battery orders from overseas. They started to expedite by air, not container.