You are correct and it will be nice if they can give us something to chew on. The last stock price retreat was pretty steep, but it gave me a good opportunity to really load up under $4. Hope they will give us a better revenue number this time.
I'll save you time. Listen to the CC at the 23:30 mark. Mentions query from Europe on the recycle business. Potential going to National Level not just commercial.
It looks like we have a triple bottom around 3.20. I have no idea why all of a sudden a lot of investors are giving up. We need to hear HPJ efforts in increasing capacity to see if HPJ is on track for next year blowout.
Sentiment: Strong Buy
huh? beat on an adjusted basis. and every meaningful metric was up sequentially. Too bad you are not listening to the cc. the future is bright for hpj - maybe not the next tesla - but the world is changing and this company is in a position to take advantage of it. I hope you covered your short at $4.00,
Sentiment: Strong Buy
"This would only benefit traders who would sell or short on spikes." THERE IS NO CATALYST FOR HPJ TO GO UP despite the Chinese stock market is going up crazy in the last 3 months.
I guess that is exactly what the traders did last week to push up the price to $4.80 and shorting it down. They have been doing it since PR on March from $5.28 to $3.68, then climbed back up to $4.98 on last ER, then back to $4.45 today. Why? Management said they have too much business but can't grow fast not because of finance but because they are cautious. Does that make sense to you?
What is their revenue target? 12% increase this year with more than 2/3 of their asset financed by debt with not much increase in gross margin this year. They have a brand new factory but lacks funding for CAPEX to buy equipment to increase their revenue (management call it expansion with extreme cautiousness). How much they expected to profit this year? $4MM to $5MM.
They are on road show currently and "ZERO" positive news so far. Did they successfully deliver the energy storage unit to the utility company? They drop the price to their big client which they say is to maintain good relationship. So when can they make REAL MONEY with such low margin & no ability to raise fund through equity for expansion?
BTW management already said they have maxed out on their current capacity. So too much business but can't increase price, no profit margin improvement this year, by designed slow growth in CAPEX even though there is so much demand. They claimed they already have $200MM in capacity since last year but can only produce $168MM this year?
Bottom line, until HPJ can shows better than 12% upside revenue & profit surprise, increases its financial capacity to grow faster because they already said demand out strips supply by HPJ, we will sit below $5 for a long time due to the "LACK OF GROWTH" by design (I still don't understand what it really means.) Looks like a creative explanation with nothing behind it).
Current PE is 13.4 ($4.4/33 cents), next year projected EPS is 44 cents and a growth rate of 18. If the meet the target, projected target price end of 2016 will be $8 ($0.44 x 18). That is why I still holding HPJ.
CAPEX is always based on visibility of future orders, if demand is that robust, why such conservative expansion when management claims they can't produce enough to meet demand? They still have 90% floor space
"EMPTY" after second half 2015 installation of new equipment.
Success of HPJ hinges upon increase revenue they can generate from well known companies due to low margin or else their bank loan might be shaky. HPJ can't take a hit. That energy storage demo unit was important news, they should have a follow through report. I want to see margin improvement & better utilization of empty facility and conversion of short term bank loan to long term debt because they have already leveraged more than 2/3 of their financing (heavy debt load) through short term debt.
Rather Big Market we've got isn't it?........And that Plug in thing?...hey, we're working on that hopefully WATT's technology will fly, since we've got a deal,to help develop those Batteries......Bet those AAPL Watches will sell a lot faster with Wireless charging!
Net sales were $32.1 million, an increase of 10.2% compared to $29.2 million.
Lithium battery net sales increased 25.6% from $13.4 million to $16.8 million.
New materials net sales increased 97.3% from $282,567 to $557,550.
Gross margin was 17.3% compared to 20.3%.
EBITDA was $1.3 million, compared to $0.3 million; Adjusted EBITDA improved to $1.0 million, compared to $0.7 million.
Net loss attributable to the Company was $0.1 million, or $0.01 per diluted share, compared to net loss of $0.9 million or $0.07 per diluted share; non-GAAP net loss attributable to the Company was $0.3 million, or $0.02 per diluted share, compared to $0.5 million, or $0.06 per diluted share.
Received multi-million dollar order from an international customer for backup power products for iPhone 6.
Installed large format lithium batteries on 74 hybrid electric buses in addition to 81 buses installed in FY 2014.