Min utheving
Next, let me address our challenges at Woodland
Hills and PGA West. While definitive conclusions
cannot be drawn, we strongly believe that in both
places we momentarily lost control of both our
production operations and the injection of finished
product into customer irrigation lines. Neither is
good, but both are addressable at the operational,
rather than the technology, level. Applications
on golf courses are the most challenging that
we attempt. The irrigation systems are high
pressure, the sprinklers have low tolerances to
foreign debris and the exact details of the systems
are sometimes lost to history. To be compatible
with these systems, we need to be very precise
in how we blend our product into and through
these systems. The team is currently testing
new injection equipment, running test sprinklers
to failure, and revising our standard operating
procedures to ensure that we are much better
aligned with the high precision needs of these
applications. Painful, but we are learning from our
mistakes, and I would remind shareholders that
we delivered over 4.5 million liters of material
at Woodland Hills, the course is operating as usual,
and we still expect to have a significant impact on
their water usage.
Virker som om de ikke er helt sikker på hvor all LNC-en endte opp, som vel er det problemet de nå prøver å løse med nytt utstyr som nå er i test-fasen.
Last quarter,
I emphasized that Desert Control’s opportunity
set was too large and its staff too few
Mao, de har ikke finansene til å kjøre på alle områdene og prøver nå å fokusere på færre områder
Commercially, we are ever more focused
on permanent crops and golf/landscaping,
particularly in California. We are realigning the
sales and research organizations to bring greater
emphasis to these markets. California is home
to more than 800 golf courses, countless parks
and playing fields, and more than 200 million
fruit and nut trees. Independent research
identifies a market opportunity of over $400
million in these segments in soils with greater
than 80% sand. I am not suggesting that we are
giving up on the billions of market potential in
other crops or other geographies, but we have
plenty of opportunity in our own backyard
and with a market capitalization of less than
$30 million, we have lots of upside in just our
current American Southwest and Middle Eastern
locations.
Jeg leser dette som at det de har tenkt å satse på til å begynne med er California med sine golfbaner og frukt/nøttetrær.
Min utheving
The Company’s current cash position is expected
to fund operations into the fourth quarter of
2025, excluding any future revenues. The Board is
actively pursuing funding options and evaluating
cost optimization measures to extend the financial
runway. While progress is being made, there
remains material uncertainty regarding funding
beyond the third quarter of 2025.
Oversatt til norsk: Det er vesentlig usikkerhet rundt finansieringen etter Q3.
Fra Q1 rapporten, samme avsnitt:
As of the reporting date, the Company’s
liquidity position is expected to support
operations into the fourth quarter of 2025,
excluding future revenues. The Board is actively
pursuing measures to strengthen the financial
runway, including potential funding and cost
optimizations. While these initiatives are
progressing, there remains material uncertainty
related to funding beyond Q4 2025.
Den største endringen (min utheving) er:
Q1: material uncertainty related to funding beyond Q4 2025.
Q2: material uncertainty regarding funding beyond the third quarter of 2025.
