Ceapro Inc V.CZO

earnings out, impact of CDN dollar seen

[Ciao]

Rev up 10%, earnings down 50% due to CDN dollar and larger R&D costs

https://ir.ceapro.com/press-releases/detail/209

more color on intiatives

• Upgraded and commissioned PGX pilot scale processing unit in Edmonton. This will allow the generation of larger and more consistent batches of PGX polymer carriers for impregnation scale-up.
   
• Advanced the installation and further scaled up the PGX impregnation unit in Edmonton. Many trials were successfully conducted with the new impregnation vessel system mostly using sodium alginate.
   
• Retained and conducted several virtual meetings with a seasoned high-pressure engineering and manufacturing company capable to design and build a new PGX industrial plant with equipment recently purchased in Germany. Timelines and cost estimates are being assessed.

[ZoranSto]

Not a bad Q1....growth as expected (10%)....and yes Prof already warned us about the CAD$$$ exchange....whats missing is growth potential. Lots of words and plans and this is where we were this time last year. I know covid has slowed things down but other companies have seemed to work through the covid issues and marched on. We really need a DEAL or a reveal of a upcoming deal.....so much is still

[prophetoffacts]

This post has been removed in accordance with Community Policy

[Ciao]

Some color on what the consulting firm is up to wrt negotiations is due. Generalities could be disclosed, ie. functional drink? functional food? mutiple interested parties? global companies?  They are being paid $120K annually as noted in MDA from Q4. What is absent is target dates for some of the activities. No self imposed deadlines.

[EbbFlow88]

This looks like a record quarter for sales and if the exchange rate was stable over that period it would have been of $5M in sales for the quarter for the first time. More cash from Ops to put into R&D. Also looks like German sales are increasing meaningfully. The plant plans seem to also be moving along No we just need a deal and this German plant to come online..