RE:RE:FinancialsDozens of companies selling recyclable and compostable coffee pods before NEXE even started.
High demand for coffee, just not much in sales for NEXE.
Demand for coffee surged as workers stayed home during COVID-19 lockdowns, and Nestl says it hasn’t waned, even as pandemic restrictions are lifted.
Nestl reported coffee was the biggest contributor to its organic growth over the past nine months. The food company said sales rose 10%, led by its three main brands, Nescaf, Nespresso, and Starbucks. Starbucks, which Nestl has the rights to sell in stores, had an increase of 15.5% to roughly $2.4 billion.
Nestl is boosting its revenue forecast for the second straight quarter because of rising demand for coffee, as well as its pet food brands. The company is also benefiting from price hikes it implemented in the third quarter, and soaring coffee prices, which hit seven-year highs as bad weather in Brazil and COVID-19 lockdowns in Vietnam reduced supply.
Dunworkin2 wrote: The financials were pretty much as expected. With $54 million in cash and 96 million shares out, the company is worth (more or less), 50 cents a share and that assigns no value to their IP and patents, so seems very cheap at current share price.
My concern is that I don't want to see them go down the road of spending their $54 million unless we are going to get a ROI. "If you build it they will come" could be a big mistake. Don't build/expand the plant on speculation.
My thoughts haven't changed, I believe in the technology, which is their strength, ie. compostable coffee pods. So profit from that, don't build out a huge coffee factory to sell Nexe coffee. IMO, that becomes very risky.
I scanned the current board of directors and wasn't seeing much value with this group in setting vision , goals and strategic direction.
https://nexeinnovations.com/team/