Oh no..there are 6 FSGs (65 FSCs) that are in line for mandate expansion. Everybody on the board are looking for it. Once APDN gets mandate awarded for these items, they will be in profit zone.
Those FSGs are, in order of risk to DLA:
1. FSG 59 (Electrical and Electronic Equipment Components)
2. FSG 31 (Bearings)
3. FSG 25 (Vehicular Equipment Components)
4. FSG 29 (Engine Accessories)
5. FSG 47 (Pipe, Tubing, Hose, and Fittings)
6. FSG 53 (Hardware and Abrasives)
depends when he bought them. If he bought them at the bottom then he made more than 900% return
Good job on keeping them for 10 years (first batch ) and 8 years (second batch). Don't know how much volume you held..but you have lot of patience.
Now today's from conference call, it's known that APDN got $1.4 million from DLA in 2014 and expecting $750000 from 2015.If we take 750k for each FSC, for 66FSCs, they may generate $49,500,000 i.e $49.5 millon--- for 42 FSCs, $31,50,000 that mean $31.5 million revenue.
My estimation was off by 250k for one fsc.
Revenue from DLA reduced from $1.4 mill (2014) to $750,000 (2015 outlook). This is due to DLA started marking fsc5962 items in house.
So those who have questions about how much revenue can be derived from 6 FSGs (66fsc) once mandate expansion happens, do the math.
Revenue - $1,518,761
Total operating expenses - $3,397,666
Revenue for government contract awards, which supports the Company’s development efforts on specific projects, is recognized as milestones are achieved as per the contract. The Company recognized revenue of approximately $811,676 and $1,261,323 from these contract awards during the three and six month periods ended March 31, 2015 and $25,000 and $50,000 for the three and six month periods ended March 31, 2014, respectively.
May 11.Read yesterday's PR. May 11 th evening earnings Will come out and conference call will be on 12th