Exousia Advanced Materials

Company is a manufacturer, marketer, and distributor of advanced materials including proprietary resins, additives, industrial coatings and structural materials used in the manufacturing and construction industries. Revenues totaled $1,082,000 for the three quarters ended September 30, 2008; year over year growth currently stands at over 1700%

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Re: Still no 3Q results

almost 15 years ago

in response to smallcapplayer's message

I have not had time to find/read the 10-Q yet, however, it does not surprise me that china lost money. Management's only comment was that july and august were cash flow positive. They did not say they were profitable. Although related, profit and cash flow are 2 different things.

Not sure why we are still waiting for 3rd qtr reports. I'd like to think that management is still on track as it works out the ramp up in production. Meanwhile we know they are cultivating additional revenue streams. Although a delay in reporting may be disconcerting, it's far less concerning to me then dealing with a global recession which management seems to have worked through.

As I've said before, the 4th quarter will be the bellweather for me. I am assuming/hoping that the 3rd quarter looks marginally better then previous quarters, but the 4th quarter should be the one to focus on. Time will tell.