Hi Mr L.In Look forward to hearing what they are prepared to say...

Hi Mr L.

In Look forward to hearing what they are prepared to say when they get back from Thailand.

I might have to change my table.


XIE talks about total export value which would exclude China.

For those into numbers,

In Q1 2023 they would have had minimal parts sales with Revolt on its knees

Export revenue would have been circa :

Total Revenue $19.8m - 1,467 units sold in china @ $2670 = Export earnings of $15.9m

Q1/23 export earning up 267% to $42.5m + 565 sales in China at $2,670 = Total revenue of $44m.

Does this look like a company going broke or a company that will need a lot of factory space to manufacture parts.



It also explains why they are only incurring small losses while suffering massive falls in completed unit sales in both China and Europe, managing the development of a new factory, forming strategic partnerships, expanding the distribution network, re-launching the brand , releasing new products,, bedding in the distribution businesses in UK, France and Italy, entering new markets, establishing a new European sales headquarters in Italy and launching a new parts manufacturing Business.

How many start ups are there that don't run at massive losses for ages?