Rest assured, I am not 74754457 or Beastie Boy, and they aren't each other either...
These assumptions that all of us are one person is such a desperate attempt for Promoters, who are so, so far underwater, to divert attention. They desperately need buyers of this stock, and feel they can hoodwink people into buying with a nickel pop ... "hurry buy buy buy, train is leaving the station. These are signs of huge event forthcoming. " .. maybe, but probably not.. Remember this readers... in 15 or less business days from market open on Monday, November 28.... the Q1, MD&A is due out --- December 15 or sooner. I personal predict cash in bank for October 31, 2022 will be just over $4m. My other predictions include Revenues around $900k and burnrate still hovering above $3m. As has been case for many quarters before this quarter.
Then, a very short 3 months later, on March 15 or before the Q2, MD&A is due out. I predict cash in bank for January 31, 2023 will be just over $2m. With added predictions of revenues around $1.1M (from q1/ q2 added & deployed sales) and burnrate still around $3m+.
To think Xtract1 will have a massive pivot in 3 short month from Dec 15-March 15, with 1 month lost due to holidays and New Year kickoffs, is fool hardy. This isn't consumer retail, travel and movie entertainment that sees huge lift at this time of year and why all these industries typically have their FY Q1 start in October. Xtract1's business starts in August. It's perfect timing to get unused security funding locked before holiday season kicks in... and ramp up in sales the first 6 months of the new year for those who budgeted this capital expense. But if this underspent budget for back half of 2022 is not used by Thanksgiving, rest assured the CFOs will drop to bottom line and pull funding $'s until new year budgets. Remember, this is physical security.
Our economy is going to drop further in January 2023 . Big product purchase will be way down. Fed will raise interest rates at least 2 more times. Housing sales seem to be up in October over Sept, and tge Fed doesn't like that one bit. Layoffs upon layoffs will happen post Christmas from companies who don't want to impact employee holidays... unlike Twitter's 3500 cuts and Amazon's 10k cuts. Descretionary income will drop in the first half of 2023... impacting corporation revenues and operational and capital spending. It's called trickle down economics. Lol
But go ahead... believe a bunch of Promoters who make no predictions, provide no DD. Just attack with no substance ... desperate to get out of tgis hole they've investment is in. Many promoters will Probably will sell on the "downlow" in December to take the tax loss benefit, while they pump up others to buy. Buyers beware.
Lastly, don't forget Xtract1's desperate need for funds. ... a dilutive fund raise, which took 3 months to complete last year, will dilute this stock probably by 10%... does anyone here think it will stay at $0.60 a share? In a down economy?? ... it could buck the trend, but I'm not banking on that. This is a stock on its 2 year high with anemic sales compared to evolv and other competitors.
Per Evolv - November 9, 2022
"Total revenue for the third quarter of 2022 was $16.5 million, an increase of 96% compared to $8.4 million for the third quarter of 2021. Total Contract Value (“TCV”)2 of orders booked for the third quarter of 2022 was $45.4 million, an increase of 167% compared to $17.0 million in the third quarter of 2021.
Maybe Beasties prediction of a drop to $0.37 per share is accurate ... maybe this 40% free fall is coming per Beastie's comments last week. I think that's too way to soon. However, any dilutive fund raise will most likely drop this stock price, if all Xtract 1 can demonstrate is $900k- 1.1M in quarterly revenues and $250k-500k in Total Value of Contract (TVC) per quarter. (Note: Q1 TVC looks at minimum to be 3 stadiums [announced in Q1], 10 doors per stadium, estimate 3 units a door on average, that's an estimate of a total of 90 units x $5k is a TVC of $450k+ Saas annual fees).
As everyone can see ... Evolv is generating between 16x-more revenue and 45-90x more TVC $.. that is if Xtract1's revenue reaches $900k and TVC is between $450k-1m in Q1.. these estimates are purely my speculation from their public announced sales and possibility other sales, if any, that were not announced.
Enough said. I'll be back on December 15 or sooner depending on Q1 MD&A getting posted on Sedar. I'll be looking at
1) Cash In Bank,
2) Booked Revenue
3) Total Value of Contracts book in Q1.
4) Quarterly Burnrate.
Note- Xtract1's TVC for Q2 is looking at minimum to be 8 schools' main entrance only & 1 stadium with maybe 10 entrances...as announced prior to November 27. That's it, unless other sales happened that weren't announced. We'll see for Q2 on March 15 or there about