RFX 0.00% 9.7¢ redflow limited

Ann: Redflow awarded US Dept of Energy funds for 34.4MWh project, page-35

  1. sjl
    1,210 Posts.
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    Your information is over twenty years out of date. Amazon made a profit in the fourth quarter of 2001 (about six years after it was founded), and its first profitable year was in 2003.

    Furthermore, Redflow is not Amazon, and I can't see a reasonable analogy between the two. Amazon started out as a disruptor of the book selling industry by selling them (and CDs and DVDs) online, later expanding into other areas (as well as opening up their logistics to other suppliers, which led to a significant reduction in the quality of their service - but that's another story.) Redflow, on the other hand, sells batteries. Batteries with some interesting tech in them, to be sure, but batteries. That's not disruptive in any meaningful way - not like Amazon was.

    There is room for some patience in the context of Redflow, especially now that we're seeing some meaningful contracts being won; but it's nonetheless fast approaching the point where management will need to show that the company can be profitable, IMO.
 
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