Ann: Redflow to supply 20MWh battery system in California, page-33

.... well, they did write:

"Based on its current bill of materials, manufacturing scale up and cost down program, Redflow expects to generate a positive return at the Project level."

Hopefully, that implies that they will burn less in 2024 onwards. Thought they will obviously require working capital as they ramp up sales.

... However, if I was a betting man, I doubt that this will be the one and only contract of this size to be signed over the coming periods.

31 cents - certainly too much if your best judgement deems this as a "flash-in-the-pan" order - i.e. unlikely to be repeated or added to.

However, the company is telling us that they have order of magnitude larger projects in their sales pipeline.

31 cents - on the day they win one of these contracts?!? Bargain!




... and that is even when you note the small print below the above diagram.

imho