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Market Cool On Tritium DCFC Limited's (NASDAQ:DCFC) Revenues | news.google.com • |
Tritium Will Not Appeal Nasdaq Delisting Determination | globenewswire.com • |
Stock Market Crash Alert: 7 Must-Buy EV Charging Stocks When Prices Plunge | investorplace.com • |
Why Is Tritium DCFC (DCFC) Stock Down 63% Today? | investorplace.com • |
Tritium Receives Nasdaq Staff Determination Letter | headlinesoftoday.com • |
Tritium Receives Nasdaq Staff Determination Letter | globenewswire.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2023-09-21 | 2023-06 | -0.17 | N/A | N/A | N/A |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-10-02 | Raymond James | Downgrade | Outperform | Market Perform |
2023-09-21 | Raymond James | Upgrade | Outperform | Outperform |
2023-04-04 | Raymond James | Upgrade | Outperform | |
2023-03-14 | Credit Suisse | Upgrade | Neutral | |
2023-01-23 | B. Riley Securities | Upgrade | Buy | |
2023-01-12 | Credit Suisse | Upgrade | Neutral |
Date | Name | Relation | Quantity | Description |
---|---|---|---|---|
2022-01-12 | MCDERMOTT JAMES AC | Director | 0.00 | Conversion of Exercise of derivative security |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2022-12-30 | Varley Holdings Pty Ltd | 15.67M | 26.32M | 9.79% |
2023-06-29 | Riverstone Holdings Llc | 7.54M | 8.22M | 4.71% |
2023-06-29 | Invesco Ltd. | 3.13M | 3.41M | 1.96% |
2023-06-29 | CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | 1.58M | 1.73M | 0.99% |
2023-09-29 | FNY Investment Advisers, LLC | 1.03M | 310.46K | 0.64% |
2023-06-29 | Cigna Investments Inc/New | 923.76K | 1.01M | 0.58% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-08-30 | Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF | 2.92M | 2.77M | 1.83% |
2023-05-30 | Fidelity NASDAQ Composite Index Fund | 101.08K | 117.25K | 0.06% |
2023-08-30 | SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF | 91.79K | 86.97K | 0.06% |
2023-05-30 | Tidal ETF Tr-iClima Distributed Renewable Energy Transition Leaders | 38.55K | 44.72K | 0.02% |
Jane won’t allow a buy out. If she is not pushed out, they will dilute shareholders by issuing more stock, then reverse split for a maximum stupidity move. She has no experience running a company. Her big experience is being a mid level exec at Boeing. Think about it she has said when they went public, they did not have enough capital raised. Now how stupid does she really think investors are. Glta. I will only add if she is removed from management.
So one thing to remember with all this optimism of buyouts and growth/profitability. At the current sales levels which are down 50% (based on financial report, not made up folks) how much sales growth is needed to support current levels revenue generation vs becoming profitable. Remember revenues were up due to working off their massive backlog. Now we have the capacity to produce but sales are cut in half. If sales don’t double this next year then they will be out of money and just back to current level revenues or slightly above based on current output. Unfortunately, Tritiums awful financial condition would guide me to select a different supplier since Tritium might not be around to warranty any of their chargers. Just thought to ponder from someone who used to have great hope for them.
Tritium might be worth $1.00 on a buyout if we are lucky. Sales are down 40% over the last 6 months, as stated in the financial, and we are hemorrhaging cash. Now we have a company that need a 95 million dollar life line. Not too promising.
The article states
“The fundamentals of the business are good, but the only issue we have is we are undercapitalised, and we have been since the time we listed,” Ms Hunter told AFR Weekend.
Then she goes in to say our only impediment is captital.
So she is running the company, and she made the decision on how much capital they need when they went public. Now she says we never had enough capital. She sounds like an idiot. Just give me more money and I will fix things, yeah just like any gambler looking to dig out of a hole they cannot get out of. So BP and Shell now have other preferred dcfc vendors, who wants us now. Our market cap and shaky financials might cause us to miss out on contracts due to our ability to operate.
BP makes large investment by buying Tesla chargers. Just heard on the news that BP just agreed to purchase 100 million dollars worth of the Tesla fast chargers. Yes 100 million, and they will start delivering them in January. Guess that was the big news Jane didn’t want us to know. I thought .20 would be the low but no way that holds now. Tritium is toast but could still be a fun daytrade when volume picks up. Don’t listen to the pumpers. Tesla will dominate this area as well. Sorry Jane, you guys lose again. Glta.
So one has to ask Jane, where is the big news about a partnership with huge order volumes. It is nothing but lies lies lies. No news means they have nothing to report since nothing is good. Remember sales revenue actually dropped in the past 6 months by 45%. Not a good sign for a company on life support. At this point just look for a good opportunity to get in around .10-.15 and try to flip them out quick.
Long term this company and stock is a loser but still worth trading at the right price. Sales are down, down down. Yes just read the financials. It is in there when stating the 1st 6mth sales vs 2nd 6mth sales.
A buyout at $1 would be the best possible scenario.
Common down Tritium. Let’s get you below .20 and see how you react. Bankruptcy or a buyout seems the logical next step. Good reliable product but the business is being run by a bunch of idiots who don’t know how to grow. Their greed will be there demise. A buyout at $1 would be a gift right about now.
Jane hasn’t a clue which is why she doesn’t work for Boeing anymore. Can you imagine what a bad decision that was, yikes? I bet management salaries accounts for over 20% of expenses. Still waiting for the drop to .20. If it cannot hold that level then we are toast but I think we should be able to get a 4-5x from that level. This is after we reverse split. Glta.
“Tritium is dirt cheap”, pretty funny statement. That statement is only true if they can increase Sales. Revenues are only expected to increase by 20% in 2024. Second half revenue 2023 decreased 40%. Yes sales dropped 40%. Don’t fall for the hype until they can show sales are ripping higher which is no where in sight.
July 2021 - June 2022: 86 million
Sales July- Dec 2022: $90 million
Sales Jan - June 2023: $56 million
Revenue 2022: 86 million
Revenue 2023: 185 million
Est Rev 2024: 220 million
Earnings 2022: - 128 million
Earnings 2023: - 121 million
Order backlog on June 2022: 149 million
Order backlog on June 2023: 99 million
Fiscal 2022 units built: 3700
Fiscal 2023 units built: 7800
First half fiscal year sales was 96 million, second half fiscal year sales was 50 million. Doesn’t sound like a good trend. Cannot trust management, they lie at every opportunity. Nothing will happen until significant news is released. .20 is when I will be averaging down. You cannot compare Tritium to Allego. Allego is a real company with real executives as opposed to our bunch of clowns. Glta. Common on .20.
On top of what I just posted below, how many companies are going to get a 7+% loan to pay for the unsubsidized portion of the purchase price. Ponder that folks. We are headed down. I am way down on my investment but will be averaging down at the .20 level. Sorry for the unpleasant dose of reality. Glta
Don’t listen to the pumpers folks. They have a good product but the company is being run by over paid inexperienced idiots. If you want to buy this stock there is no hurry. Liquidation is in process and their sales have dropped substantially. This is from the conference call.
Sales orders were $146 million for the fiscal year and $56 million for the 6-month period ending June 30. Order backlog was approximately $99 million on June 30.
Just ponder what a 50% drop in sales will do to an organization that doesn’t make a dime of profits. They have management which is a joke and doesn’t communicate because they have no good news on sales. Just the old, “We have a major order in near future”. Put in a buy order at .20-.21 and it will get hit once we crack .20. I will keep posting the truth so folks don’t get scammed. Glta
Folks sales dropped 50%. YES, 50%. Don’t let the pumpers fool. Please read the reports. This is from their conf call.
Sales orders were $146 million for the fiscal year and $56 million for the 6-month period ending June 30. Order backlog was approximately $99 million on June 30.
That means sales went from 90 million down to 50 million between first 6 months and 2nd 6 months. They have a capacity of 40,000 units per year and are only producing 7-8,000. Doesn’t sound like a great business plan unless they get some serious sales. All they did was work through their backlog from last year which was 130ish million and their bloated sales force produced 50% less sales. Wow, that sounds like a wonderful story. Lol. I do think this stock should bottom around .20-.25 but unless you hate your money, I would buy on the flush. Glta.
Guys quit thinking about the revenue growth year to year. That was great but now we don’t have the sales for this year. Sales are down 50% year over year another 30-40 percent drop and it will be okay to dip your feet back in. This is just another one of those crap spac companies that burn money and shouldn’t really have gone public other than they needed to screw investors out of our money. .20-.25 is my level and will
Start averaging down then. Just sit back and watch. It should happen by Friday. Glta
Another .10-.15 further to fall until you should consider this auzie scam stock. Good product bloated management payroll which is probably costing them 10+ million a year minimum. Sales drop by 50% and now they are putting the carrot out there of a partnership. Just wait folks, the executive are idiots and don’t deserve to be in control. A reverse split is coming within a month or 2. Just bide your time and wait for your price. .25-.30 is about right if you want to add. Just tell yourself, that sales dropped 50% for a company that is unprofitable and will run out of cash within a year at their current burn rate. No need to fomo into this stock. Glta folks. Remember to never trust BS promises by management. They are just like politicians. Have a great weekend all.