FLC fluence corporation limited
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Not a lot of new info that i could see except for reasons for...

  1. morganp
    2,557 Posts.
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    29/10/19
    08:51
    Post #: 41112873
    Not a lot of new info that i could see except for reasons for delays?

    Highlights:

    Continued confirmation of revenue for IC - Fluence still expects to recognize US$20 million of high gross margin revenue in Q4 for work that has largely already been completed.

    Cash burn was down.

    Dislikes:

    San Quinton delayed further?

    Company expects US$26.1 million of cash receipts - Only received $13.8m. Guessing San Quinton?

    Based on current contracts, the Company expects US$22.0 million of cash receipts from customers during
    Q4 2019 - meant to be getting $20usd mil from IC so only $2mil of other revenue?
    FLC Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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