RE:Alrighty Then..... According to their "press release," - Q4, 2022's sales were as follows: If we assume $ 6500 USD per HG1 unit, and $4500 per HG2 unit, $20K for an HG4; and $35K for an HG6:
Then their Q4 revenue would be about $ 1.08 M. This is less than half of their "cash-burn-rate." A very long way to go to get into "positive profit" territory - not to mention the decades long losses to make up.
And this does not even address the issue of warranty costs. I KNOW FIRST HAND - that every HG1 unit they'd ever sold prior - for trials and otherwise - failed to function within the first year. The lack of actual predictable and reliable fuel economy improvement performance notwithstanding --- unless they have addressed the quality issues --- selling more units --- will cost them more, as the warranty service costs of those units begin to come back and bite them in the a***.
Just my humble opinion.
Seventy-Three (73) HG1, Ontario Utility Company Vehicles
Five (5) HG1, Ontario Municipality Trucks and Equipment
Five (5) HG2, Ontario Municipality Trucks and Equipment
Five (5) HG1, Greater Toronto Area (GTA), Highway Service Vehicles
Two (2) HG2, Greater Toronto Area (GTA), Highway Service Vehicles
Six (6) HG1, Alberta Oil Company, Drilling Rigs in Canada
Sixteen (16) HG1, Australia, Road Trains
Six (6) HG2, Mexico, Trucking
Two (2) HG4C, Argentina, Mining
Four (4) HG6C, Voisey's Bay Mine, Mining Generator
Three (3) HG6C, Chile, Mining
Nine (9) HG1, Trucking and Locomotive in Europe (Germany, Switzerland, Austria and Portugal)
Two (2) HG2, Trucking in Europe