Something stinks big time.
EFL never gave Q1 guidance of $10mil. They have consistently claimed seasonality in Q1. If some analysts put out pie in the sky expectations of $10-12mil, that's suspect and was almost ridiculously optimistic. If they "could" hit 10-12mil in Q1, that would set them up for a $50mil fiscal 2023 which would be unbelievable and we should have traded to $2 or higher on that rumour. But we didn't.
$7.2mil Q1 was extremely reasonable and IMO somebody(s) are trading to hoodwink the unsuspecting. Too many questionable personalities showing up here and on the Yahoo juvenile colouring board. I can't believe they pulled the buy on the rumour, sell on the news routine.
That said, I thought the CC (transcript) was quick, and only 2 analysts. Nothing to move the needle at this point. Probably to be expected when you hold the CC minutes after you release the numbers. No mention of Nasdaq.
I miss the days of only 80mil shs outstanding. Now, too many shs and too many hands with too many motives. We need something to get us out of this back and forth funk.
As far as New York, I would hope they had things figured out before committing. The fact New York State has made committments to the plant should bode well for further funding and support.