Post by
MacBook on May 07, 2024 1:27pm
Outlook
Great Q1 - margins 30% sustainable over the year
Azur expansion in Germany planned
FSLR contact still being worked - product testing/validation continuing should add more performace to VNP GP when signed.
DoD grant to expand grow GAN / design / expand production ...very positive. opens up to LM's/ Ratyheons' to move to VNP supply
great quarter . very positive outlook into 25
glta
Comment by
WattDoINo on May 08, 2024 8:50am
As per yesterday's conf call, the DOD grant is for the Utah plant; Ge crystal growth and Ge wafer equipment, optimization and new products development through the next 4 years. No mention of this related to GAN products or IP. VNP's GAN applications are through Azur EPI processes in the German plant/operation. - Happy trails !
Comment by
MacBook on May 08, 2024 12:24pm
Hi Watt. I heard grant is targeted for "crystal" growth. There is no doubt the DoD would perfer to have AZUR moved to Utah. It's just how milspec supply works. It would have sense to have a grant targeting a POC based on Germany AZUR core compentencies outside of what Utah is already commerically set up for. either way very bullish for VNP glta