SHARE

WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) released a letter to its shareholders wherein President Dan Bates highlighted progress the company achieved in 2015. He updated on the operations of factory in North Vernon, Indiana.

The details

As per the released letter, Indiana facility of WINDSTREAM is operating at full capacity as it achieved new record levels for production and shipping. The company produced close to 1 MW of products in March. The volume is expected to grow in the coming period as the company is busy scaling up the production capabilities and efficiencies in the entire process.

The performance

Bates of WINDSTREAM stated that the first quarter of 2015 was the largest revenue quarter to date with combined sales of $1.58 million, a 565% growth over the comparable quarter of 2014. The total combined revenue for FY2014 was $1.91 million, a 114% increase compared to the year earlier, which indicates that company is making stable progress towards its expansion plan. There are more than 45 employees working to manufacture products for company’s clients.

The progress

The CEO of WINDSTREAM informed that they have shipped their products to 35 countries to date. Product revenue from existing customers is maintained as there are re-orders from respective clients. The management said that not only sales from existing customers are growing but also new sales are surging. The continuous efforts are made to promote and market the products to new territories across the world. The flow of raw material is continuous and matches the stringent quality guidelines. There are no supply chain issues, which previously restricted the production of the SolarMill®.

The future ahead

WINDSTREAM is successfully serving its major markets and main partners in Jamaica, Jamaica Public Service Co. (JPS). JPS is assigned with the task of delivering the SolarMill® to clients in the residential and business segments both on and off grid.

In last trading session, the stock price of WSTI declined 10% to close the trading session at $0.0360.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

https://www.journaltranscript.com/disclaimer

SHARE
Previous articleAnavex Life Sciences Corp (OTCMKTS:AVXL) Reports Financial Results For Fiscal Second Quarter 2015
Next articleMedbox Inc (OTCMKTS:MDBX) Declines To Lower Levels
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY