Disappointing and getting worse Releasing the financials on Rememberance Day in itself is disappointing. Yes it is not a holiday every where, but peoples minds are not turned towards the market today. Which is exactly why they were released today. Company has blown through a pile of cash so much that there isn't much left in the account, and worst of all no revenues coming in of any sugnificance. Sure the torch was delivered to a customer but the torch will need to be taken out of the box at some point. With no update on when the torch will be installed more disapointment.
I have written off the idea of torch sales, and have moved on to now hoping the company can keep the doors open through 3D manufacturing powder sales. But even that doesn't look good. Company so far is nothing more than a R & D company who work on projects that may end up being something.
No coffee and donut revenues. From 30 some odd million in the bank to ouch in two years. Backlog drop hopefully is from products being delivered rather than cancelled orders.
But hey so many divisions with so much hope. Time to start turning hope into $$$$$$$. Todays market is nothing not looking forward to Monday when more eyes are on the financials. Tire fires are not good for an enviromental tech company to be involved in.