Comparing the current results to its competitors, Galenfeha Inc reported Revenue increase in the 4 quarter 2018 by 0 % year on year, while most of its competitors have experienced contraction in revenues by -5.48 %, achieved in the same quarter.
Galenfeha Inc's Comment on Competitors and Industry Peers
Stored energy products have been historically dominated by conventional methods
such as solar panels and lead-acid batteries. We are developing new technologies
that do not currently exist, and we believe this new technology should give us
a competitive edge due to the simplicity of the design and implementation, reduction
in equipment costs, as well as creating a cleaner, more reliable alternative stored
power source. Our competitors in these sectors are more experienced, have vastly
greater financial and management resources, and have more established relations
with customers than we do. These and other competitors are likely to have distribution
channels for their products that we do not, which places us at a significant disadvantage.
A failure to achieve market acceptance could have a material adverse effect on
our business, financial conditions, and the results of our operations.