So sales of only $66k for the qtr. That is $264k annualised. Soluna has at least 2 sales staff. Wonder what their combined wages are....including super?
Note that is only sales. That does not include cost of sales. So $264k annualised of sales, 2 full-time sales staff, cost of the inventory...........You get the drift.
This is from the company quarterly report from this time last year
https://lithium-au.com/wp-content/uploads/2020/02/30102020-Quarterly-activities-report-and-quarterly-cash-flow.pdf
So the company was stating that Soluna would be cash-flow positive "in the near term". That was 12 months ago. Now 12 months down the track, they are clearly NOT cash-flow positive, and are now "Reviewing this division".
Errrrrrr, those installations have a 10 year warranty do they not? You can't startup a business, promise a 10 yr warranty, not hit your targets of cash-flow, and then bail 12 months later.
(20min delay)