RE:RE:The future looks brightIt's right here in the press release from early yesterday...
The first 35 houses have materials on-site ($5M revenue)....scaling to 50 homes per month ($7.1M - that's monthly), with a target of 7.5% market share (3000 homes for EHT - $450M
yes...that means all EHT has to do.....is execute....
Puerto Rico Residential Rebuilding Project ($5M in Home Revenue Begins Construction in September)
EHT will utilize the net proceeds of the offering to advance its Puerto Rico residential rebuilding project (and its current 200 orders), which is expected to drive significant cash flow in the near term. Currently, the Company has 70,000 CAT5 building blocks completed in Puerto Rico, enough to build the first 35 lumber-free solar powered homes representing over $5M in revenue with average revenue of $150K per home and a strong 15% net margin. EHT's net-zero homes are built twice as fast as a standard home, capable of withstanding winds of over 200mph and are powered by EHT's ‘no-glass' solar panels that continue to operate if hit by debris. Construction will begin in early September.
"No other system in the world can build virtually indestructible net-zero homes this quickly at affordable prices," said Gamble. "We anticipate obtaining a market share of around 7.5 per cent initially and scaling our residential project in Puerto Rico to 50+ homes per month by March 2022."
As the U.S. Congress continues to appropriate funding (US$18B has been deployed to date) for Puerto Rico recovery efforts, an estimated 40,000 plus homes will be rebuilt in Puerto Rico over the next five years (US$69B allocated in total, both according to the Office of Recovery, Reconstruction and Resiliency).
"EHT is expanding our reach and capability to meet the demand of a rapidly growing industry while doing our part to ensure a more sustainable future for the planet," Gamble said.
frewil11 wrote: I sold out before this got halted and just having a look here , if I remember correctly what happened to all these super huge contracts in the tens and even hundreds of millions of dollars ?