APGI needs CLNE to prosper--both are looking good, imo.
American Power Group had its fourth quarter and year-end conference call today and a couple of notable items were brought forward. First, the company has finally given guidance, on a yearly basis, for revenues--they expect to do $10 to $12 million for the year ending September, 2013. And, they expect to be cash-flow positive as well, based on the projected revenues.
APGI also revealed that it has received notice of an incoming purchase order for 20 APGI dual-fuel systems and related services for a fracking rig with a value of $1 million. To put that order in context--the run rate at the end of the last quarter was $3 million, which means that APGI just got a boost of 33% to its revenues--with only one order!
The company's revenue growth has been tepid for some time, as the company had been in testing with so many customers for some time, but now that APGI's product has proven reliable and delivers on the promised savings, the company is about to experience rapid growth.
Going from $3 million to $12, and getting to a cash-flow positive status will mean huge rewards to its shareholders over the coming year, and years, imo.
A large portion of APGI's revenue growth will come from the EPA approvals--these will allow older fleet owners to convert to dual fuel and CLNE will benefit as well.
Genius,Watch and learn. Why do you think Westfamers, Linde, WheelTime Etc, are getting involved with this company. Thier product is the best. Profitability will happen this yr. Listen to the call. People like you will get no respect out here, Do your homework, Learn the facts.