Post by
Possibleidiot01 on Nov 21, 2024 8:18am
The Quarter
People seem to have bought in anticipation of the news and it all depends on how you intrepret the news.
Does revenue being down 4% bother you?
Or are happy with that result in a business that can be lumpy due to large equipment contracts?
Me, I prefer to focus on this point. "An area of strength for us has been subsea batteries. We are planning for additional capacity as our current customers see strong growth, and we expect to onboard new customers who wish to avail of our high energy density designs that give customers significantly greater endurance for their UUVs. In addition, we are evaluating opportunities to apply our technology to seafloor power applications and have multiple potential customer and partner discussions ongoing.
Investors like predictable results and the company is trying to emphasize a consistent part of the business.
GLTA
Comment by
Sinister on Nov 21, 2024 8:31am
Yupp! Emotionnal people will sell. SP will go down. people like us will buy more at a reasonable price and make money when it bounce back because they have a strong future ahead. Easy peasy.
Comment by
NLMoose on Nov 21, 2024 8:34am
Future doesn't seem that bright now due to poor KATFISH sales.
Comment by
Sinister on Nov 21, 2024 9:29am
Just mute him. I cant see his post now and I'm doing better
Comment by
McStockface on Nov 21, 2024 12:08pm
This is good advice. Done.