Ooof... Not a great sales announcement.
Georgia big contract was worth $660,000. They started shipping this quarter and expect the project to end by end of next quarter. With sales of $600,000 and unfilled orders of $200,000, that's a total order of $800,000 between GDOT and all other projects.
If you exclude the GDOT project - which we've already known about for a year then new sales of only $140,000 for the quarter. At a exchange rate of about 1.4:1 then this is about 5000 gal.
Cash outflow of approx $3m/quarter likely to be confirmed soon.
I suspect the recent sales update is a push in SP prior to a capital raise, so they can use the information for potential investors.
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