SZYM announced financial results for Q2 2014. Non-GAAP loss was $32M. I think the earnings not the most important thing right now. What’s more important is that SZYM make progress is finding customers for their capacity and that they’re capacity continues to come on line without major issues.
I listened to the conference call. The key takeaway for me was that they have 75 potential customers evaluating their manufacturing facility in Clinton/Galva. That certainly sounds impressive. I would think that a potential customer must have a fairly high minimum supply need for SZYM to expend resources on letting them evaluate SZYM production capabilities. The CEO also said that many of these customers do not allow SZYM to identify them at this stage.
Also, I thought it was noteworthy that one of the execs said that Moema could be expanded from 100MT to 300MT and Clinton/Galva from 40MT to 100MT. That they would even say that seems to me to indicate that they are optimistic about future demand.
I have a 5.3% position in SZYM and will consider adding a bit if the stock stays low tomorrow.
Chris