Seeking Alpha - ALYI - Alternet Systems to reach $1M in sales with a gross margin beating competitors

September 3, 2021 -- InvestorsHub NewsWire -- via pennymillions -- 

 

Alternet Systems, Inc. (ALYI)By: Manshi Mamtora, CFA

 

• Alternet Systems (OTCPK:ALYI) plans to generate revenue not just from the sale of EVs, but also, for instance, from the rideshare business the company is delivering EVs to.
• Company does have a consumer electric motorcycle it plans to bring to market before the end of 2021, and it will be priced much less than a SUV.
• The electric motorcycle business also provides the potential for higher profit margins than typical EV businesses are designed to generate.
• A brief look into the company financials here.
• A comparative price performance of the stock against its peers on a YTD basis.

 

 

• Tesla reported a 24% gross margin and Uber reported a 46% gross margin as of June 30, 2021.
• Previously (Aug. 24): Alternet Systems pilots EV rideshare in Ethopia

• Now Read: ALYI EV Rideshare and Self-Drive rental pilot on track in Africa

Source - https://seekingalpha.com/news/3737170-alternet-systems-to-reach-1m-in-sales-with-a-gross-margin-beating-competitors?mail_subject=alyi-alternet-systems-to-reach-1m-in-sales-with-a-gross-margin-beating-competitors&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

Other stocks on the move include CYBN, RGBP and BABL.

 

SOURCE: pennymillions