An interesting company. Most of their business is with one customer, so is something happened to that deal, it could be a problem. Would consider buying under five dollars.
Analysts had been expecting a loss of $0.03 but there was a loss of $0.09. Will lose their BP contract with no new contracts coming in. A relatively high PE at 40X.
Had a gigantic contract with BP gas stations, but that project is behind them. Have 12 pilots underway, but the trick is converting those pilots into new business. Near term earnings have declined which is the reason for the drop. Have gone back up based on the patent opportunity.