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Technology Stocks : Superconductor Technologies : SCON
SCON 2.500+10.1%Sep 7 5:00 PM EST
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To: Mr. Aloha who wrote (307)2/18/2000 4:13:00 PM
From: Liren Chen  Read Replies (1) of 903
 
Negative gross profit in SCON

SCON has negative gross profit in commercial product
and total revenue last year. Let's look
latest quarter report:

Net revenues from Commercial product: 589,000

Cost of Commercial product revenue: 1,881,000

This is a big negative gross profit. The more
revenue SCON has, the more in the loss it has.
This is a terrible business.

In addition, SCON's wireless production has been in
market for 2 years. SCON shipped 83 Superfilter systems
in 1998, and 70 systems in the first three quarters
of 1999. This is not a great growth.

Goto SCON's web site:

suptech.com

on 6/25/98, SCON received order for 16 SuperFilter systems
on 12/14/98, SCON received order for 25 SuperFilter Systems
on 3/24/99, SCON received order for 25 superFilter systems
on 2/16/00, SCON received order for 27 superFilter systems.

Look SCON's revenue growth. It is almost flat.

This stock will be back around $10/per share very soon.
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