Envision Solar (EVSI)
Envision Solar International Reported Strong Performance
Envision Solar (EVSI) designs, manufactures and deploys unique, renewably energized, EV charging and media and branding systems. The Company’s products include the patented EV ARC™ and Solar Tree® product lines. All of the Company’s products can be enhanced with EnvisionTrak™ patented solar tracking, ARC Technology™ energy storage, SunCharge™ Electric Vehicle Charging Stations and digital advertising packages.
The company executed on its arrangement amid the primary portion of 2016. Key takeaways are that they are no longer getting incomes from establishment ventures, in this manner maintaining a strategic distance from the danger of gross edge misfortune in the field and setting ourselves up for the development. Significantly, the company showed again that they can deliver EV ARC items productively at the gross edge line, even in lower volumes. With scale, those gross edges ought to just increment and our truly high accumulation, developing deals group and market request lets the know that they are going to accomplish that scale.
Revenue for the six months finishing June 30 were $684,814, contrasted with $699,873 for a similar period in 2015. The greater part of revenue in 2016 were from our developing offers of EV ARC™ items, contrasted with a blend of Solar Tree® establishment administrations and EV ARC™ items in 2015. This move is predictable with its system to finish move to item deals and far from administrations, which the company now see as basically total with its developing EV ARC™ deals and Solar Tree® items being sold as a unit of parts.
The company finished the second quarter with around $500,000 in accumulation and it has hence gotten a few Solar Tree® unit and EV ARC™ item arranges, including the biggest single government request of EV ARC™ items to date. This has brought about having overabundance, which is generally high and essentially more prominent than in the meantime in 2015. We trust that we will change over that excess to income in 2016.