{"id":4595,"date":"2014-05-19T14:15:09","date_gmt":"2014-05-19T14:15:09","guid":{"rendered":"\/?p=4595"},"modified":"2014-05-19T14:15:24","modified_gmt":"2014-05-19T14:15:24","slug":"terra-tech-corp-otcmktstrtc-pulls-back-once-more","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcmktstrtc-pulls-back-once-more\/","title":{"rendered":"Terra Tech Corp. (OTCMKTS:TRTC) Pulls Back Once More"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/72TRTC_chart.png\" border=\"0\" alt=\"72TRTC_chart.png\" title=\"72TRTC_chart.png\" width=\"450\" height=\"201\" \/>Last week a new crop of reports sprouted up, with Terra Tech Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>) among the filers. The report was something of a mixed bag but it seems the overall market reaction was negative, with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a> dropping a cumulative 13% since the filing. <\/p>\n<p>The quarterly report was accompanied by a press release containing the announcement that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>&#8216;s revenues for the quarter grew 700% on a year-over-year basis. While this is true, there are a few other details that were left out. Here is the brief summary of the report&#8217;s numbers:<\/p>\n<ul>\n<li>$2.9 million in cash<\/li>\n<li>$6 million in current liabilities<\/li>\n<li>$560 thousand in quarterly revenues<\/li>\n<li>$4.9 million in quarterly net loss<\/li>\n<\/ul>\n<p>While revenues for the period are way up from a modest $66 thousand in Q1 of last year, they are down from <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>&#8216;s previous quarters. As a matter of fact, this is the lowest quarterly revenue registered since the revenue-boosting acquisition of Edible Gardens back in April 2013, so the 700% YoY growth announced in the press release, while factually true, also constitutes a shrink in revenues on a QoQ basis.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/2TRTC_logo.jpg\" border=\"0\" alt=\"2TRTC_logo.jpg\" title=\"2TRTC_logo.jpg\" width=\"120\" height=\"64\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>&#8216;s gross margin is as thin as ever, at 0.3%. However, net loss has crept close to a somewhat unsettling $5 million for a single quarter, against $6.1 recorded over all of 2013. The company increased its cash position by issuing both convertible notes and selling shares. 6.6 million shares were sold at $0.60 per share to an unnamed party. Two of the notes amounting to $1.6 million in principal convert at a 10% discount of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a>&#8216;s average price over the 20 days prior to Feb 5, 2014, estimated to be $0.30 per share, approximately.<\/p>\n<p>When is <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRTC\">TRTC<\/a> going to actually start logging pot revenues? A question that will go unanswered for another couple of months, with state licensing results expected some time in July and a Clark County commission deciding on dispensary and grow ops applications in June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week a new crop of reports sprouted up, with Terra Tech Corp. (OTCMKTS:TRTC) among the filers. The report was something of a mixed bag but it seems the overall market reaction was negative,&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[259],"class_list":["post-4595","post","type-post","status-publish","format-standard","hentry","category-news","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4595"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4595\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}