Re: 3M USD loss for quarter
in response to
by
posted on
May 13, 2016 08:01PM
(Edit this message through the "fast facts" section)
I wouldn't panic just yet. They are mostly dependant for now on the two major orders they received recently. With the U.S. revenue coming in at over 2 million for the quarter it would appear that this order is coming along nicely. It should pick up a bit in the next quarter as well. The other major order (larger) I believe to be the Leclanche partnership. The deal was with a german company not in the auto sector and in the last presentation it states the order was for electrodes so I think it is pretty clear the customer is Leclanche. With the recent fire at Leclanche they have probably encountered significant delays, possibly the reason for the higher inventory as well. So the customer and subsequent revenue are still valid, just will be delayed. Hopefully clarification will come monday.