They weren’t contributing to the bottom line, they had no upside priced into the SP and were on the back burner costing us cash - this isn’t seen as much of a downer IMO
The company can now focus on solar and thermal sales, which we can all agree, are selling rather well ! $1.1M of sales for Q3, up 40%
They have a whopping $1.5M of inventory on hand, so they are obviously gearing up for larger orders in Q4 which is typically their biggest - remember gross profit margin now nearing 60% also !
If they can penetrate the US markets as flagged AND become cashflow positive in the next quarter or so, we are laughing.
SP3 Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
