RE:Negative NelliesI doubled my position so take that nervous nellies. EFL has been better at stating they wil do something and then they do it. They learned their lesson from years before when it was ahead of its time. I believe they will achieve the $27M revenue this year. If so then $120M market cap will start to look cheap. I would expect revenue in 2023 to potentially be $40 to 50M but that is my own projection and I could be low. What has really impressed is their ability to turn around $6M in deliveries within a 3 month cycle ... that is truly outstanding IMO.
There could be competition for floor space within the next 6 months as new customers start to follow the lead of the Fortune 100 company. Raymond sales force will have no issue gaining credibility with their customer base from here forward though again I doubt they are allowed to say the name just yet for competitive reasons. Look to the big company to book a large order if they are happy with the new receipts and the new software to manage the e-fleet.
Market is discounting high growth and has thrown the baby out with the bath water, or getting close to it. GLTA.