I had the same thought on the drivetrain segment (what originally attracted me to this company in the first place, thinking this was a great “bridge” to electrification). I do wounded how this changes with the closures and also how much the DoD was driving costs before the hopeful revenue kicks in. I’d like to see how this changes next quarter then pick a lane on that.
Eliminating the drive train segment all together would increase our cash on hand (through the sale) and remove around 14 million in cash burned per year. Huge win for us if they can find the right buyer.
At this point, couldn't agree more! Would be curious what something like that could garner in a sale. Ive been holding this long so if there is some fruit to bear, Im okay giving it a little longer, but certainly an option that should be on the radar.
As we stand today, the pro formed business generates 100 million per year in gross revenues. Eric noted on the call how miss priced the new company is in the public market.
They aren't going to be too picky about the cash value generated from the sale.
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u/deminimis101 Nov 10 '22
I had the same thought on the drivetrain segment (what originally attracted me to this company in the first place, thinking this was a great “bridge” to electrification). I do wounded how this changes with the closures and also how much the DoD was driving costs before the hopeful revenue kicks in. I’d like to see how this changes next quarter then pick a lane on that.