desperate times for transol

The Transol annual report shows them still bleeding badly, with apparently only three US installations earning revenue, out of 37 they claim to have signed. Installations must be in serious trouble.

Their pricing in the US is getting down to desperation levels, with cities being offered deals at $US3K per month, when the going rate is $5K or more. Even at those prices, they do not appear to be getting nibbles from other than the small towns.

Cash for day-to-day operations is not enough to last a year, which probably accounts for what looks rather close to panic. The similarity to Poltech is uncanny.