Labor Smart Inc (LTNC)

[DD2Gain]

Let's do the math...

7 branches did $7 million for 2012. 16 branches did $16 million for 2013 and 9 of them were new. That would mean we should very conservatively expect a 20% increase from those 16 alone for 2014. In fact, Schadel was bragging about much better growth from them earlier this year.

16 plus 20% is about $19 million.

This means that Schadel expects this year's 16 new branches to generate a whopping $6 million!!!!! Woo-hoooo! And that's if the first 16 branches don't grow anymore.

Do you even know what the stated goal is for annual revenue here and how far off the company is from that goal?

$1.5 million per branch by 2016. 2013 was over $1 million per branch. 2014 is setting up to be $700K to $800K per branch. 2015 is not looking good.