FRSX Earnings Out, highlights.
- They're basically even with last year, which isn't boon, but at least it's not a surprise deficit
- They had a great Q1 on dealmaking both domestic and internation by them and subsidiaries, especially the one with a Multibillion Japanese Car Company
"The prototype system was ordered by a multi-billion dollar Japanese vehicle manufacturer, which requested rapid delivery of the system."
Think one these:
- In addition we know that in Q2 they gotten a bunch of other partnership and awards internationally. Lots of global play which is great
- They REALLY played up their relationship with FLIR, which is why they've been pumped lately, hopefully more to come on that front.
- Offering is now closed, and hopefully they needed that capital to pump out some product for those deals
https://www.businesswire.com/news/home/20200521005697/en/Foresight-Announces-Quarter-2020-Financial-Results
It's trending up in AH, but not a lot of volume. Gonna keep a really close eye on PM tomorrow, it's jumped .10 in PM the last 2 days but with no news to support it, it's fallen through. Hopefully this good news and clear sailing in front of them.
Honestly I kind of hate to say I'm becoming a long in this company, future looks bright