CFO is crushing it operationally. Based on the quarterly, they produced 2,935 CFOAM units and 15 PFOAM. Total "product manufacturing & operating costs" were $235,000...so at most, CFOAM now costs $80 per unit to make (and probably closer to $75)...all while they had to curtail production. They sell to Touchstone at $337.50 so they make >$260 per cubic foot of production and selling externally at $400 means $325.
So at capacity of 35,000cf, gross margin is in excess of US$10mn.
This is without PFOAM. Plenty of potential contracts being worked on with enough visibility to mention names and numbers. This is not a stock that will be 20 or 50% higher. It will be multiple times higher.
CFO Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held