Springtrader - You have to make reference to the 2011 Financials to even begin making any kind of comparison as to the profitablity if LCM. It was in the latter part of 2011 that moves were being made to the new facility in Hooten Park and production at the old plant was impeded. Even with the loss of production, LCM will probably outperform 2011 in 2012.
2011 Total Revenue of $16,437,278 with a loss of ($14,840,581)
9 month 2012 Total Revenue $12,897,685 with a loss of ($6,521,005)
3 months 2012 Projected Revenue $4,299,228 with a loss of ($2,173,668) (4th Quarter be be still reported)
Total 2012 Total Projected Revenue $17,196,913 with a loss of ($8.694,673)
Outperforming 2011 by $759,636 in Revenue with a reduction in losses of $6,145,908 after taking into the loss time in production because of the move.
What is 2013 going to bring now with the first strip casting furnace now in production. wwwaters total Revenue for 2012 of $27 million maybe be high or are they, as production of alloys that have been announced today may well have be available on the market well into the 4th quarter of 2012 making wwwater's projection a possibility.