Lets say epower does 10 trucks a month
and axion makes $ 100.00 profit per battery
$ 56,000.00 per month, or $168,000.00 per quarter
with what every one believes is roughly a 2 million per quarter burn rate.
If they do 20 trucks a month,
and make $ 336,000.00 per quarter
they will only be losing about 1.5 to 1.6 million per quarter.
The PR says: " ePower Engine Systems has consented to a five year initial term with Axion Power that includes the exclusive use of Axion's PbC® batteries, "
so it looks like ePower has this locked up.
Well it is probably a good time to announce the financing
I think they announced they were running out of money 3/31.
maybe, just maybe, the technology is being proved? god forbid anyone who has it out for this company will allow for one piece of good news. in this business no one customer can or will jump "all in", at one time
""We have to remember that ePower is only planning to make 12 this year and 40? next."
I think I gave the absolute BEST case scenario for Axion revenue from ePower for the
next 2 years. I think some may say I was even pumping it,
Lets take Froggey #s and project.
And lets BOOST the Axion "profit" in doing so.
Lets say Axion makes $ 400.00 per battery !
56 battery per truck. That is $ 22,400 per truck.
That takes alot out of the ePower profit - that means ePower profit cut into significantly.
Since ePower is created it, makes it, sells it, warranty's it, I find it hard to believe
they would give Axion the lion share of the profit.
I think it doubtful Axion would make $ 400.00 per battery
possibly best bet is $ 200.00 per battery I think reasonable $ 100.00 per battery
(back to my initial presumption I still think reasonable).
But lets stick with Froggey #s and
If $ 400.00 per battery, x 56 per truck,
Times 12 trucks that is $ 268,800.00 per year for Axion
peanuts for an estimated 2 million a QUARTER burn rate.
Times 24 trucks, that is $ 537,600.00 per year
with an estimated 2 MILLION per QUARTER burn rate.
Even with Great Benefit and Fantastic profit estimate
there appears no money with ePower; at least not for the next 2 years.
Correction not only welcome but insisted upon ! Less