If we assume govt grants are included in revenue, Q3 =$4.217M.
Approx $10M for half (could be as low as $9.5M), which means Q4 should be at least $5.3M which is >25% increase - fantastic!
However, the fact the quarterly data has not been released is a worry - M&A costs, etc.
Either way, you've got to start asking who's to blame for the disaster (of EMC purchase). I suggest MO's time has come. Overblown salaries for profitless company in a climate where renewables are happening! Media releases full of double-speak or show-offy tech-speak without providing us any data to analyse, or claims (such as we're doing big batteries) only to disown them several months later, talking about EMC future-revenues at the Roadshow knowing full-well they were ready to offload it, condescending talk about order-books at Roadshow that are utterly worthless, million-dollar payments to Davidson for selling us a lemon, talking about 100MW plants that will never be built, etc, etc.
When engineers are in charge of companies, they should have a back-up plan that doesn't involve the company shedding 80% of its value in under 6 months. When I studied engineering in the 90s, profit maximisation was a subject. Maybe he should redo it.
Taken us all for a ride...
CCE Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
