I am new to this stock - do not hold a position and am considering an initial holding.
Can I get some knowledgeable folks to weigh in on this announcement?
@dwuuuu: you say the initial deal order is worth only 1.1m, but the agreement states that this is for 10,000 units, with a minimum quarterly order of 40,000 units. In other words, this initial order is literally only for one month's minimum supply under the agreement.
Projected revenue under this agreement would be 4.4 million per quarter, or 13.2 million per year.
Am I correct in thinking this means the company is about to break even, and even potentially register its first profits? The last quarterly shows they were in the red for 2.28 million for the quarter.
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