RE: Actual Facts concerning Afc Energy !7 Feb 2024 13:54
Point and counter point.
1. The world's most efficient 99.99% Hydrogen cracker technology , proven & in the process now of being Modulerised to replace the wolrds existing Dirty Diesal engine's. This Technology if Afc has a infinite number of other applications. This alone is going to bring in a massive increase in Revenues for Afc.
Not a product yet, though, is it? like so many other "next big things"
2. £1.4 million of deferred revenue from last year to be recognised this year end.
Do you actually know what deferred income is? It's money you've received for which the work hasn't been done. Do you not think that there will be a cost associated with recognising the £1.4M which may well be more than the £1.4M....This isn't a positive, but a negative.
3. Other Revenues increasing all the time.
Mostly grants, though, as opposed top actual trading income. More like a charity than a commercial operation.
4. Revenue from supplying the Hydrogen oroduced by our Cracker Technology supplying numerous & increasing customers every week.
The cracker isn't commercially viable yet (but that little fact never stops people waxing lyrical about the fuel cell that its/y viable either)
5. Contract with Tamgo yo supply construction equipment in Saudi Arabia & 16 other countries in the Middle East & North Africa ( This will be a massive revenue increase for Afc on its own. The NEOM project alone in Saudi is of a phenominal size.
It's not a contract for supply of anything, it's an agency agreement with no tie in.
6. Speedy Hire joint venture will also see a massive revenue increase from new & existing customers already Trialing our equipment Speedy Hire have already stated the intrest from their customers for Afc energys Equipment is huge.
But they would say that, wouldn't they, because they are trying to hire some of the units out to effect the greenwash. Let's not get carried away, how many units are / have been out on trial? not many, and what have we got so far? 800 hours lease....
7. ABB, another one of our long term partners covering EV chargers, shipping, data centres rtc will shortly be announcing an update on the next stage for orders etc.
50% discount anyone?
8. Acciona another important partner that's been successfully Trialing & ordering our Equipment!
Have they ordred though? they've had long enough to decide whether it's a goer or not
9. Numerous other customers & increasing genuine intrest.
50 or so qualified leads possibly?
Things are looking fantastic for the near future of AFC ENERGY & I'm sure everyone will be very pleased with further news released during 2024 & 2025.
Things are looking fantastic for AB's bank account, and I'm sure he will be very pleased during 24 & 25