10k Packs per Month Ramp
Is the market massively discounting the statements from the last two earnings call about not just installing capacity of 10k packs/month but having the orders to fill it?
At that run rate and an avg aerial battery program asp of $1k, $3k, or $5k that would result in $10M, $30M, or $50M revenue per month. I’m well aware mgmt has disappointed (essentially since the ipo) but this seems more certain given the lease extension and investment into a large production facility. Also mgmt has reiterated the capacity/active production agreements in the last two earnings calls. Not having the capacity or contracts would be a disaster.
Even at half the production rate and the lowest pricing tier product revenue be many multiples higher than now and high relative to current market cap. Am I missing something on this on the revenue side, ramp timing, or does anyone think the agreements aren’t real at all?