Just had a look at this one as I'm interested in battery storage investments. I can't say I'm impressed. The company has been making the batteries for 10+ years and their total sales for the last quarter were are $400k or around 2 million pa. Looking at the cashflow report, they burned through a net $1 million for the quarter. Looks like they need to seriously crank up the marketing and sales expertise and activity and simultaneously bring down costs!
WTF, page-46
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