AJX 0.00% 1.0¢ alexium international group limited

"Alexicool customers are expected to launch several new...

  1. 1,558 Posts.
    lightbulb Created with Sketch. 28
    "Alexicool customers are expected to launch several new Alexicool-based products in the retail market over the next six months.The majority of these products are designed to target the higher volume market
    s where PCM has typically not been used. Penetrating this market segment is a milestone identified in Part 2C of the previous quarterly report."

    Great and all but can we actually get a signed contract instead of just "expecting" things to happen?

    "Alexium’s work on flame retardant nylon/cotton blends as used for military uniforms is ahead of schedule for final product design. Checking off this key milestone (referenced in Part1B of the previous quarterly report) enables us to move forward with transitioning these products to manufacturing scale."

    I'm assuming transitioning these products to manufacturing means the military still needs to test these uniforms and we're not talking about on a commercial scale.... so still a way to go.

    "During this review, it has been identified that a significant portion of the Company's sales that were initially pursued for strategic reasons to access one of Alexium’s earlier target markets, have not been profitable to the Company. Accordingly, the Company announces that it intends to cease these sales as soon as possible. While this will impact the Company's revenue in the short term, the Board considers that the target markets pursued under the three cornerstone initiatives present a much larger and more profitable opportunity for Alexium, and that ceasing the sales is expected to benefit the Company and in particular will increase the Company's gross margin and reduce its operating loss."

    Jesus, I thought we did the whole cut low margin business already. What was actually left that could be a significant portion of the Company's sales?
 
watchlist Created with Sketch. Add AJX (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
0.000(0.00%)
Mkt cap ! $15.62M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
7 4238970 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 113120 1
View Market Depth
Last trade - 16.12pm 25/07/2024 (20 minute delay) ?
AJX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.