Eurocontrol Technics Ord EUCTF

R&D costs will continue without any outlook of revenues

[Ringert]

The Company had budgeted to invest up to US$2.0 million in XwinSys in fiscal 2016 and for the year ended December 31, 2016, the Company’s research and development expenditures were US$1,324,164 out of the US$2.0 million amount budgeted. 

In 2017, XwinSys intends to cooperate with its customers to establish the applications capabilities that will eventually lead to systems installation at customers' facility and sale of equipment.

This to me says 'we failed to properly develop our systems last year and are extending our development period into 2017. Hence, we are not yet quite there yet to commercialize our systems and sales are not to be expected any time soon. 

You can't polish a turd... Eurocontrol is all too good at demonstrating this saying time and time again.

[endeavour]

ringer, you're unbelievable. R&D expenses were far LOWER than anticipated. Almost $700,000 LOWER! The fact that they are willing to further customize Xwinsys to ensure sales have the best uptick possible also cannot be a negative. They will get MORE sales by doing this, not less. Wow, bashers clutching at straws here. Maybe we'll see some buying interest in the morning off the back

[StockMagician]

Did I miss something?  I thought XwinSys had zero sales.   Yes, more than zero would be good.  Not spending the full $2M on R&D, 1/3 less than budgeted, seems like more of a red flag than a good thing to me.   Yes, it limited the losses in Q4.   Was it merely postponed until Q1?   I guess we will find out when Q1 is released next month.

[endeavour]

Bashers can't even keep their story straight. First it was "oh no, EUO are spending all their money on R&D!!" but now its "oh no, EUO spent $700,000 less than I thought - that must be a red flag!" Yup, they flip flop more than The Donald does.

[Ringert]

LOL

[Chutzpah]

Yes , postpone all you can til 1Q. Put lipstick on the pig.Get those votes in before 1Q release. Then drop those additional expenses into 1Q

[StockMagician]

Good catch Ringert.   This is almost exactly the difference between the $1.3M burn rate and the $2M I expected it to be for Q4. I don't see why there is so much pumping going on.   I suppose if you are long and deep under water, you see this sort of result and start grasping at straws and hope that the institutional investors don't dump all over the stock tomorrow, or a month