Tax incentive revenue more like $3m I think, so customer revenue forecast more like $6m? Difficult to forecast the gross margin without understanding how the $6m is made up. If a large component is wholesale and phone sales then I’m not sure on the profitability yet. Phone sales might hurt cash flow with inventory requirements. I notice they removed any reference to a target date to achieve cash breakeven. They had previously said 12 month target.
FZO Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held