Daimler cease end of october
posted on
Jul 30, 2015 04:03AM
One good 4Q for sure, 1Q 2016 will depend on sales, urgently need to show up deal with Mondelez, Walmart or JV in India/Middle East.
Still a gamble, hope good news are coming to compensate end of Daimler plan since beginning.
"3. Litarion has a single customer (Daimler). That customer’s supply contract will cease at the end of October 2015. While management is diligently working to replace this contact with other customers the shortfall left by Daimler will have a major impact upon the business. Litarion has a very short time window to replace this revenue from Daimler. This is a key risk."