Marijuana - Companies & Stocks

[BriarPatch]

TRTC 10q out - AMAZING progress

A few highlights to get your blood pumping. This little gem is going to be huge.

Quote:

"For the nine months ended September 30, 2015, we generated revenues of approximately $7.8 million compared to approximately $5.6 million for the nine months ended September 30, 2014, an increase of approximately $2.2 million. This increase was primarily due to revenue generated by Edible Garden for the sales of its herbs and floral products and IVXX from the sale of its cannabis products..."

"Our gross profits for the nine months ended September 30, 2015 was approximately $861,100, compared to a negative gross profit of approximately $33,600 for the nine months ended September 30, 2014, an increase of approximately $894,700. Our gross margin percentage for the nine months ended September 30, 2015 was approximately 11.0%, compared to approximately (0.60%) negative gross margin percentage for the nine months ended September 30, 2014..."

"Selling, general and administrative expenses for the nine months ended September 30, 2015 were approximately $7.8 million, compared to approximately $14.1 million for the nine months ended September 30, 2014, a decrease of approximately $6.3 million..."

"We realized an operating loss of approximately $6.9 million for the nine months ended September 30, 2015, compared to an operating loss of approximately $14.1 million for the nine months ended September 30, 2014..."

"We incurred a net loss of approximately $6.8 million, or $0.03 per share, for the nine months ended September 30, 2015, compared to a net loss of approximately $19.0 million, or $0.11 per share, for the nine months ended September 30, 2014. The primary reasons for the improvement in net loss is an increase in revenue, a decrease in cost of goods sold (as a percentage of revenue), a significant decrease in sales, general and administrative expenses, and a reduction in the issuance of convertible debt and warrants issued during the nine months ended September 30, 2015 compared to the first nine months of fiscal 2014..."


http://ih.advfn.com/p.php?pid=nmona&article=69233695&symbol=TRTC