The company is in a bit of a product transition so some of the finacials can be a bit misleading. As I understand it, they haven't started manufacturing the Gen 3 batteries in volume yet (they are still in final validation testing). At one stage they had a large inventory of the current Gen 2.5 batteries, so much sales revenue would have gone straight to the bottom line. Not sure where they are up to now, and whether they are needing to manufacture more Gen 2.5 batteries to meet current sales. Also not sure how far along they are in tooling up for Gen 3 battery volume production, and getting its manufacturing process ISO-9000 certified.
RFX Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
