SHARC Energy Systems INTWF

MD&A info

[stockpickman]

Lots of stuff happening....As well as the info copied below, the Industry developements section shows how much the US market is growing....although this quarter is not overly impressive, there is so so much to come.....
Accelerating Lead and Deal Generation As part of SHARC Energy’s commitment to continuous improvement, the Company has leveraged in-house technology to make key infrastructure advances that have increased overall business intelligence and visibility into Sales and Operational performance. The improvements impact interdepartmental communication, better forecasting and capacity planning, improved quote turnaround time, and granularity of opportunity tracking. SHARC INTERNATIONAL SYSTEMS INC. AUGUST 29, 2023 10 During 2022, the Company performed 68 project assessments (leads), representing a trend of ~6 leads generated per month. Of these 68 technically qualified sales leads, 37 have requested a formal quote (deal) representing a conversion rate of over 50%. Once a deal enters a detailed design stage (Sales Pipeline), it becomes probable that the deal will convert into a purchase order (Sales Order Backlog) within the next 24 months of entering Sales Pipeline. The growth in leads and deals has materially accelerated in the first two months of 2023 with 65 total leads created—of which 36 have already been converted into deals. Also, there are currently 36 leads pending conversion to deals which SHARC Energy expects to either convert to deals or removed from lead status within 90 days. The Company believes the growth in leads and deals is due to several factors including increasing regulation and policy supporting the adoption of WET technology and the dedicated work of its internal team and partners presenting SHARC Energy solutions in the market.

[Tslayer]

What in the heck are you talking about? Have you read this morning's financials. $450k in revenue in 3 months. Jeezus. Financials are a mess and balance sheet is even worse. This company is a dumpster fire. 

[Mostlyserious]

Every news release there is something to be excited about.  Every NR for probabklle more than half a decade that I followed it. Yet, no meaningful revenues or growth to talk about and a smidgen of every forecast that they put out. Cripes, they talk about a $1.2B NYC project.  How much was the PO, $100k?  Just wondering if this is still the old modus operandi of big talk, small

[Mostlyserious]

Looked af the financials. To be fair, fhe balance sheet has been cleaned up.  There is no debt to speak of, buf cleaning has come at the cost of dilution.  Outstanding share count is now over 100 million, fully diluted nearing 150 million. The $1.2 billion project they talk about (phase 1 somewhere under $400 million) has  PO that should be inside their $1.3 million order backlog

[stockpickman]

Sometimes you just scratch your head trying to figure out stock market share prices, Agreed TMG should be a lot more than it is as per your statement in your last post.  As for Shrc, Lynn indicated in the pod cast (link below) that they are delivering a unit for a project in NYC shortly, but also indicated there are 90,000 buildings alone in NYC that needs to be converted to alternate heating

[Mostlyserious]

Key insiders buying shares have to disclose their purchases.  But I don't think amount of PI net purchases amounted to millions of shares. LM also proclaimed himself as having created this whole industry.  He didn't specify that he created it in his own mind.  The concept and different technologies for various segments exiated decades before, even for residential that was

[Tim2Agami]

Quote of the year by Stockpickman: "although this quarter is not overly impressive", And when, pray tell, ever was there a quarter that was "overly impressive"? Or even, for that matter, simply "impressive". With resolute and determined pumping like this, SPM should apply as an engineering tech in the pipe, blind flange and butt welding division on Spitfire Lane.