Post by
ridethewinners on Sep 13, 2023 10:43am
Re Conference call
The company does not disclose segmented revenues other than the Volta accounting, so they will not clarify the graphene sales or recycled plastic volume.
Drilling fluids have been under development for a few years, and i think they will have meaningful contracts in place before the end of this fiscal year, likely q3.This is a huge market opportunity for them, and easier to access than other programs that take many years of safety testing. The EPA permit they have already is applicable here.
I am glad they segment the Volta accounting. $650 thousand dollars to run Volta for a quarter is amazing. Dr. SN is frugal. They achieved a lot of progress at a very minimal cost to shareholders.
The transition to the larger cells is complete, the product evaluation is ongoing, the engineering is well under way for the new plant and they got the first contract they needed.
We should consider the partner in that agreement. This is a recognized truck builder that has committed to buy the cells from a small Canadian company that has not yet built any mass manufacturing, and does not (yet) have the financing in place to even start. There is nothing to be gained for the OEM by disclosing the risk that GRA cannot deliver. Yes, GRA shareholders want to know who it is, but I am not at all surprised the partner does not disclose at this stage. It will all come out over time.
I think this is the last fiscal year of incremental revenue growth. Fiscal 25 will have volumes from the SMC line, a full year of drilling fluid demand and increased graphene capacity. There should be research updates out shortly and they will be interesting reading.
Best of luck