RE: Adam Bond said6 Jun 2023 13:39
Brightfuture
Bit of a flaw in your reasoning, I fear......I suspect that a large part of the £4.0M (oh, sorry, I meant the newly improved £2.0M) contract with ABB related to the R&D costs associated with the product, and it's not simply a case of assuming that the further 9 units (if they ever get taken up, bearing in mind there's no actual contractual tie in) would be sold at the same price as the initial unit.....If this were to be the case, then the capex per KWH would be ridiculous, so I personally take the view that even if the 9 additional units were to be sole, then once the R&D costs are amortised, then the contribution to overhead is likely to be minimal.