A US$25.5 million one-year cooperation agreement has $ELPW up 38.53% before the bell. The same release reports what has actually shipped: a first batch worth US$0.84 million. That is the floor. The headline is the ceiling, twelve months out, for a company the market valued at $8 million last night with 930,000 shares in the float.
Elong's own tape on opening gaps of 5% or more runs twenty prior sessions. Fourteen of them closed below the open, median open-to-close minus 9.10%. That is this symbol's history, not today's odds.
A signed agreement is permission to invoice. The $0.84 million is the only line that has been invoiced. The release dates the first batch; the remaining $24.66 million carries no delivery schedule in anything we can read.
#BOOM is up 18.69% on the opposite kind of number: $172.83 million of revenue already booked and reported, $0.48 a share against $0.11 expected. One company printed a year of intent, the other printed a quarter of receipts, and the pre-market gap is twice as large for the intent.