Thursday, June 25, 2015 9:11:39 PM
And without JAMN for the last 4 years, Rohan wouldn't have a private coffee business, either - yet from the beginning he made sure that JAMN wouldn't have any part of the profitable part of the business.
I did read it and if you take away the international sales, the US sales are well below $2 million per quarter. They're in 7,200 retail stores in the US, so how are they making more than 10% of the US amount in 3 retail stores in South Korea? Something sounds off there.
It's still bad that Rohan purposely set it up so that JAMN couldn't share in the bigger business.
No; there wasn't a profit. There was a $1.2 million loss. Why do you think there was a profit?
1) I don't think that the reduced expenses will last. Next quarter we're going to be right back to the $2.5 million per quarter expenses.
2) In order to break even, JAMN would have to sell between 6 and 12 million per quarter (the higher the expenses, the more they'll have to make. JAMN projected annual sales of $17 million for the year. Based on the last quarter, they're about $2 million short to average out to $17 million for the year. At a 25% gross profit rate, they would have to have sales of $100 million just to make up for the $25 million already lost, plus more to cover whatever future expenses they have. That's more than 10 times their current sales.
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM