Member Info for Daz9643

Should really report Haggis and Jim for their abusive language but I’d miss Jim

I think you’ll find the petty name calling comes exclusively from the happy club members.

Dazaster;)

True DW, we just want to see all the things Bond et al have been announcing is coming for the last god knows how many years. We’ve been accelerating to sales, on the glidepath to sales, on the cusp, right products at the right time at the right price for 4 years, we’ve accelerated to 1 sale so far and we had to discount that by 50% !

Please report me, I’d love to see the response, ‘sorry but this poster while sounding like he or she is putting the company in a bad light is accurately reflecting the true position’ hahaha

I’m curious to know yes, what the expected revenue will be this year from the 6 large construction companies to which they've already started leasing units, and ABB, considering revenue for 2022 was expected to be £5m but was £800k and revenue for 2023 was expected to be £11m but is so far 8000hrs of power tower rentals 6 months through the financial year (not including any of the deferred revenue from ABB as it could be deferred again until we hear otherwise and not including the Acciona order as we don’t know the details)

Who cares if it’s a different DW, read the post and answer if you have an answer, or do you all only answer on Telegram, it must be buzzing over there, buzzing at the excitement of the SP lower than it was at the debut on Aim.
So what is the strategy, are AFC trying to sell 10kw power towers or are they just prototype trial versions ? Are AFC trying to sell the L Series 40kw system ? What about the 2.5kw module ? Those are the only current products for sale, I guess the 2.5kw modules are just needed to replace old/faulty ones, the L Series doesn’t have good enough power density, and the power tower is not powerful enough and isn’t available as flex fuel yet. Fair assessment ?

AFC tagged in their post today

Today Urban-Air Port celebrates the 1 year anniversary of its landmark #AirOne #technology launch.

The most #ambitious, #pioneering and complex endeavour seen to date in the #advancedairmobilty infrastructure arena. A full #vertiport integration into the #uk built and airspace environment.

15000 public visitors.
1500 industry leaders.
150 flights.
15 UAP’ers.
3 TLOFs.
2 green #hydrogen fuel cells and
1 AirOne.

Nothing of this magnitude, #operational functionality, #public stakeholder involvement and urban complexity has happened since….

UAP set the bar very high. This year we intend to raise it even higher. But for now a few reflections of one of the biggest wins in the UK Research and Innovation #Futureflight 2022 programme and in the history of #urbanairmobility thus far….

AirOne - One Year #Today. Enjoy….

#innovation #leaders #future #settingthestandard #aviation #netzero # #research #infrastructure Supernal Coventry University Coventry City Council Nestlé Rituals Tritium® AFC Energy plc Jaguar Land Rover #tesla #hyundai ACI World - Airports Council International Civil Aviation Authority #energy #airports Federal Aviation Administration EASA - European Union Aviation Safety Agency #aviation #safety #evtol #electricmobility #automotive #innovation #investing #bloombergnews Bloomberg News #bloombergnews
#drones Altitude Angel

Revenue for 2022 is £800k, up from £600k the previous year, maybe this year we’ll hit £1m.

Revenue isn’t £2.2m, your credibility has gone with your first post because you cannot read a balance sheet.

Launched over a year ago, how many sold ? Zero.

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the launch of its new Hydrogen fueled "Power Tower EV" integrating for the first time ABB's AC charging solution.

Km not really no, AFC constantly disappoint, expectation is always much greater than reality, I just choose to look at the facts rather than wishful thinking

Look at the SP, should give you a clue, you’ll be arguing all the way down to 0p that AFC are doing a great job.
Acciona have said it’s not powerful enough and have ordered a product that doesn’t exist yet.

I don’t see mass orders any time soon, the power tower trials have clearly been a failure, months of trials to find out they don’t supply enough power for Acciona who are meant to be a partner, you’d think they could have told AFC it wasn’t powerful enough before they delivered it to site, nothing from Mace, Kier etc, one new rental, and virtually no news generally. We should be shipping hundreds of these out the door now. Hire companies are not going to be buying masses of power towers when AFC can only secure 8000 rental hours in the last 6 months.
All the other products are still in development or already incumbent.

Ade suggested 5% down today, Haggis expected the SP to be static, you have to laugh when Ade is more on the ball than Haggis.

Is Gits comment not valid if he’s not a shareholder ?

You clearly don’t know the difference between income and revenue recognition, don’t show yourself up any more please, it’s embarrassing

The ABB contract was awarded in Nov21 and from then until now AFC have only earned £600k of the £2m down payment. Hopefully they will recognise the remainder in the current financial year although the odds are against it, plus revenues from 8000hrs of power tower rentals plus the Acciona 50kw order, not a lot so far with expected revenue for this financial year of £11m, it’s all going to be back end loaded. Anyone realistically expect AFC to recognise around £9-£10m in the next 6 months ?

£2m paid, £1.4m of that deferred

Revenue from contracts less than last year of £600k when £5m was expected revenue but according to Haggis that’s not a negative

Nothing negative except £1.4m of the £2m that ABB paid has been deferred to the next financial year, now why would they have to do that ?
Deferred revenue is for income received but not recognised in the accounts yet because it hasn’t been earned, so AFC have only earned £600k of the ABB order.