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Strategies & Market Trends : Dino's Bar & Grill

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To: fringe who wrote (30341)	10/22/2018 7:52:05 AM
From: Goose94	Read Replies (2) of 202021

Eguana Technologies (EGT-V) Mackie Research Spec Buy Recent Management Update & Key New Hires Bode Well We recently met with EGT management -- order intake appears to be proceeding well and we expect positive trends to continue into C2019. Recent data supports our thoughts in August that early order intake from recently announced distribution announcements and existing relationships could approach ~$3-5 mln. On August 23rd, with Q3 (Jun) F2018 results, the company announced that new orders in addition to ~$4 mln 9M F2018 revenue had exceeded ~$3 mln. We are optimistic that ongoing order activity should lead to consistent revenue and growth from Q1 (Dec) F2019 onwards We expect additional ~$2 mln of orders in the coming weeks/months as we believe EGT is seeing some initial reorders from recently added distributors. Important sales hires of former Mercedes-Benz Energy executives could further accelerate order intake and key hires are already profiled in industry publications (http://bit.ly/2pYOFDM). We believe as quarterly revenue starts to approach and consistently exceed ~$2-3 mln, likely in Q1 C2019, the stock could rapidly rerate.

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