Revenues of Advanced Container Technologies Inc's Suppliers, deteriorated by -4.12 % compared to the same quarter a year ago, from the previous quarter, sales fell by -9.82 %, Advanced Container Technologies Inc's cost of sales deteriorated by -54.11 % year on year, relative to one quarter ago cost of sales fell by -8.5 % in Q3.
Advanced Container Technologies Inc's Suppliers realized a deteriorated in sales by -4.12 % compared to the same quarter a year ago, from the previous quarter, sales fell by -9.82 %, Advanced Container Technologies Inc's cost of sales deteriorated by -54.11 % year on year, compare to one quarter ago cost of sales fell by -8.5 % in Q3.
Advanced Container Technologies Inc's Comment on Supply Chain
We do not manufacture, and for the foreseeable future do not plan to manufacture,
our products.
We acquire our Medtainer® products from Polymation Medical Products, LLC (“Polymation”),
a pharmaceutical container manufacturer located in Newbury Park, California, under
an agreement that we entered into with Polymation on August 13, 2013. The agreement
has an initial term of 10 years and is extendible for a like term by mutual consent.
Under this agreement, we have the exclusive worldwide right to purchase, promote,
advertise, market, distribute and resell the Medtainer®, with respect to which
the owner of Polymation holds a patent. The agreement requires minimum purchases
(see the following paragraphs), and sets prices for the products that we purchase,
subject to increase because of changes in the local consumer-price index and increases
in Polymation’s cost of materials, rent and utilities. Polymation is currently
unable to meet our requirement of 45,000 units per month because it does not have
sufficient production capacity to meet it. Polymation was earlier a significant
number of units short of the units that we ordered, and was in default under our
agreement with it, but is now current; we have waived the default. We are discussing
with Polymation ways in which it can meet our needs for its products. We presently
have no other suppliers for containers, but may seek them out in connection with
the manufacture of containers other than Medtainers®.
Under the agreement with Polymation, we were initially required to purchase at
least 30,000 units per month, with that requirement increasing by 10% on each
anniversary of the effective date of the agreement. We are now required to purchase
at least 36,300 units per month.
Also, under this agreement, (i) we assigned the registered trademark “Medtainer”
to Polymation, (ii) we received an exclusive license to use that trademark, (iii)
we received a right of first refusal to acquire Polymation’s business on
the same terms offered by a bona fide, arm’s-length, third-party buyer with
a 50% discount from the price offered by such buyer, and (iv) we agreed that,
in the event that D&C (or its successor, assignee or affiliate) were to form
a new corporation for the purpose of selling the products that we acquire under
the agreement, D&C would cause such corporation issue to the owner of Polymation
one percent of such corporation’s authorized preferred and voting shares.
There are numerous manufacturers of our other products and none of the present
suppliers of them is material to our business.
Advanced Container Technologies Inc's Comment on Supply Chain
We do not manufacture, and for the foreseeable future do not plan to manufacture,
our products.
We acquire our Medtainer® products from Polymation Medical Products, LLC (“Polymation”),
a pharmaceutical container manufacturer located in Newbury Park, California, under
an agreement that we entered into with Polymation on August 13, 2013. The agreement
has an initial term of 10 years and is extendible for a like term by mutual consent.
Under this agreement, we have the exclusive worldwide right to purchase, promote,
advertise, market, distribute and resell the Medtainer®, with respect to which
the owner of Polymation holds a patent. The agreement requires minimum purchases
(see the following paragraphs), and sets prices for the products that we purchase,
subject to increase because of changes in the local consumer-price index and increases
in Polymation’s cost of materials, rent and utilities. Polymation is currently
unable to meet our requirement of 45,000 units per month because it does not have
sufficient production capacity to meet it. Polymation was earlier a significant
number of units short of the units that we ordered, and was in default under our
agreement with it, but is now current; we have waived the default. We are discussing
with Polymation ways in which it can meet our needs for its products. We presently
have no other suppliers for containers, but may seek them out in connection with
the manufacture of containers other than Medtainers®.
Under the agreement with Polymation, we were initially required to purchase at
least 30,000 units per month, with that requirement increasing by 10% on each
anniversary of the effective date of the agreement. We are now required to purchase
at least 36,300 units per month.
Also, under this agreement, (i) we assigned the registered trademark “Medtainer”
to Polymation, (ii) we received an exclusive license to use that trademark, (iii)
we received a right of first refusal to acquire Polymation’s business on
the same terms offered by a bona fide, arm’s-length, third-party buyer with
a 50% discount from the price offered by such buyer, and (iv) we agreed that,
in the event that D&C (or its successor, assignee or affiliate) were to form
a new corporation for the purpose of selling the products that we acquire under
the agreement, D&C would cause such corporation issue to the owner of Polymation
one percent of such corporation’s authorized preferred and voting shares.
There are numerous manufacturers of our other products and none of the present
suppliers of them is material to our business.
ACOL's Suppliers Net profit fell by
ACOL's Suppliers Net margin fell in Q3 to
-46.67 %
5.93 %
ACOL's Suppliers Net profit fell by -46.67 %
ACOL's Suppliers Net margin fell in Q3 to 5.93 %
Advanced Container Technologies Inc's Suppliers Sales Growth
in Q3 2022 by Industry
Sources:
Advanced Container Technologies Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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