Welcome to the Electrovaya Hub on AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: Year over year revenue at Electrovaya down 37.5%

Please enlighten us on where you got or how you "calculated" that the revenue this year is $1,331,000 and that it dropped 37.5% from $2,131,000.
The company clearly stated revenues of $5953 for this quarter, which is an increase of 179% compared to the 3rd quarter 2014 (at $2131 of Revs).
If we compare the 9 months ending June 2015 to the 9 months ending June 2014, we're talking about an increase of 18% ($6806 vs $5762).

The 900% is comparing Q3 2015 ($5953) to Q2 2015 ($573)... 939% to be exact.

So, PLEASE, enlighten the sheep!!!

You can criticize on the fact that there are still losses which is normal with the acquisition, adapting new processes, lines not being non-NMP yet, etc. but that "37.5% drop" is a big Meh!

And please note the $1,398,000 spent in R&D in 3 months. Things are moving!

Let's wait for tomorrow's CC and I'm sure we'll get more interesting info...

Share
New Message
Please login to post a reply