Titomic is at an inflection point according to CEO.

Titomic [ASX:TTT] CEO Jeff Lang says the main reason behind the company's 50% loss since May has mainly been driven by the businesses late delivery of promised sales revenue, along with some short selling that fed into the decline.


Seven weeks after the promised deadline for the sales announcement, Jeff Lang told me he was pleased to finally deliver on their critical first sale, even though it was seven weeks late.


"I also think you need to keep in mind we listed on the ASX in September 2017 with nothing more than a bit [patent] of paperwork," he said.


Since the start of February this year however, the company has announced a partnership with the defence prime Thales, raised $19m in a capital raise, but most importantly for shareholders, sold $25.5 million of Titomic technology in the form of two 3D additive printers.


I caught up with Jeff Lang by phone this afternoon.


DISCLAIMER AND IMPORTANT INFORMATION

I do not own shares in Titomic at the time of publishing this post. I also do not accept any payment from this company or any other companies I cover. Nor is my interview or blog in any way a recommendation and should not be seen as a form of financial advice. Disruptive technology stocks should be considered very speculative, high-risk, and extremely volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.



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