Post by
shawshank666 on Nov 22, 2023 9:45am
Third quarter numbers out next week
Last year the numbers were released Nov.29 so they should be released next week.
Since this is for the quarter that ended Sept.30 it has to include more than just the revenue from the 2 German sales. With 3-4 demos being done per month some of them have to have resulted in a sale. On top of this there's the 6 sales from 2022 and 5 potential sales by Jan.2023 that have not been reported as revenue yet. Hopefully some of these hit the books in the third quarter of 2023.
Remember the Dec.14 2022 news release.
6 purchases have been made year to date and 5 more expected by the end of January
If they only report revenue from those 2 German sales watch this fall below 10 cents. They need to start selling units (not give them away)and put some revenue in the books. Over the last 4 years they have recorded less than $300,000 in revenue. They need to have $300,000 in revenue per month just to pay the bills. I am not bashing anything here. These are the facts. They need sales. And soon they are going to need money to keep operations going. They will need to do a placement at 10 cents and who is going to want to buy a placement in a company with no sales.
Comment by
WalkOverTheStrt on Nov 23, 2023 8:23am
A placement is a certainty and it will be brutal. Might wake up the ceo and GA to hire a sales exec who can try to fix their sales strategy (given neither have a sales background). Need 4.0 to come online to reduce the manual placement needs and then get Ascend partnership to selling mode. More questions than answers.