2017 Q1 (Jan-Mar) Financial Data Revenue: $2

2017 Q1 (Jan-Mar) Financial Data

Revenue: $2,500
Assets: $1.7 million
Administration and R&D Expenses: $837K
Other Expense: $293K
Quarterly Loss: $1.16 million
Average monthly burn-rate: Around $386K

I speculate that the 10K Annual Report will be non-event just as in the past 2 years. It will report the company's operation from July 1, 2016 to June 30, 2017 without commercial production. But Q3 Report will be a game changer, for it will report the company's first commercial production revenue, no matter how small it will be.

Stephen: "We have also begun to generate modest revenues from the sale of our quantum dot samples to our display industry customers (His implication: to TV makers indirectly through our film partners). All indications are that these sales volumes will continue to increase and alone have the near term potential to cover a measurable portion of our monthly burn rate. Any additional sales realized from our point of sale efforts will enhance this further (such as Online sales to researchers and innovative entrepreneurs who try to capitalize on their nascent QD application products such as quantum dots on wearable to generate electricity, hobby gadget that projects bright rainbow in the middle of a dark living room or bedroom etc .....)

Because Online QD sale began only on August 23, there were only 5 weeks of sales for 2017 Q3 (July-Sept). According to Stephen, I speculate Q3 sales revenue will be around $400K to cover "a measurable portion of Q3's burn rate", resulting in significantly lower quarter loss of around $700K ($1.16 million - $400K).

2017 Q4 Quarterly Report which will be released in February will report a full quarter of sales revenue which may exceed the monthly burn rate, resulting in a positive earning as according to Stephen: "All indications are that these sales volumes will continue to increase".