PennyStock101
Long

$ADOM BULLISH EARNINGS BEAT AND CONTRACT WIN, SPIKE IN PRICE.

NASDAQ:ADOM   ADOMANI INC
It has been a fantastic few weeks for investors in ADOM , having secured a massive contract recently, their upbeat earnings report was very well received. Jim Reynolds, CEO of ADOMANI , commented, ''We've made a lot of progress thus far in 2019. Backlog at March 31, 2019 was $12.9 million, a 50% increase over the December 31, 2018 backlog of $8.6 million. As of April 30, 2019, it has increased by an additional $7.2 million, or by 46%, to $18.9 million. Sales were $420,320 for the three months ended March 31, 2019, compared to $463,731 for the three months ended March 31, 2018. Cost of sales were $390,845 for the three months ended March 31, 2019 compared to $478,731 for the three months ended March 31, 2018. There is plenty of room left for this to run.

Company Description
Adomani , Inc. designs, manufacture and installs advanced zero-emission electric drivetrain systems for fleet vehicles. It offers electric drive shaft, controller, batteries, and battery management system
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