Institutions will know.
Goldman Capital Management had a very large position once but as of 6/30 they have none.(a post of mine fron 2016.)
Here's the CEO conversation with Joe on the last CC. Goldman could have bought after 6/30 .
Here's Joe's exchange with Neal Goldman on last CC.
Operator
And our first question comes from Neal Goldman of Goldman Capital Management. Your line is open. Mr. Goldman, please go ahead.
oe Harary
Now we can. How are you doing?
Neal Goldman
Good. I'm doing great. First question is Gauzy was up 22%. We were up 56% in royalties. Who are the other key distributors for us?
Joe Harary
Well, they're supplying the film and then it depends on the markup. So Ferrari is a substantial portion, McLaren, Cadillac is a small contribution by one of the same licensees that's doing the Ferrari. And then you have the aircraft markets, which is vision systems and inspect that primarily. So, those are the things where you have. The film price is basically the same for all the industries. The end product price can change dramatically, depending on who the customer is, in the bells and whistles, like I talked about before, can contribute also. And it's all good.
Neal Goldman
Before Gauzy does major expansion with the incremental funds they got from the IPO. If they were operating at capacity today, if demand was there, what kind of incremental revenues would be receiving from Gauzy?
Joe Harary
Well, that's a hard question to answer. So if they were at capacity, it would probably be about a million square meters and figure the average Ferrari sunroof is, 1.267 square meters, roughly 1.3 square meters. A typical sunroof may be one meter. And then if you have the front and back panoramic, it could be a meter and a half to 1.8 meters. So that'll give you kind of an idea of the number of sunroofs. But if they're at a million square meters capacity, I imagine that the royalty per car because of the volumes will be lower for us. So, it could be 25, 50, 75, 100, 150 or even $200 per car, depending on the dynamics. If that same film is going to aircraft, a million square meters could produce a couple hundred million dollars in revenue.
Neal Goldman
And what would be our share?
Joe Harary
No, to us.
Neal Goldman
To us.
Joe Harary
Right.
Neal Goldman
Say that number?
Joe Harary
So it really depends on the market it goes to, like the same 1.2 square meter, square foot window, for example, would sell for a lot less if it was put into a sunroof than if it was put into an aircraft window, just because the selling price to the -
Neal Goldman
And what did you say the price would be if they were all aircraft, the incremental volume to us?
Joe Harary
Probably about $100 million. I'm not predicting that because, there's wide planes. But that'd be the high end of the market.
Neal Goldman
Okay. But that would be –
Joe Harary
Yes, that would be probably the highest price per square foot we were getting.
Neal Goldman
Yes. $3 a share just from that.
Joe Harary
Right.
Neal Goldman
Okay. Right. Thank you, Joe
Joe Harary
Thanks, Neal. Bye |
