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Thursday, November 10, 2016 4:47:06 PM
Then again, even then, losing $2.9 million in 9 months this year, $2.4 million of it in cash is not really good news.
Revenues up less than 10% and gross profit up even smaller percentage from last quarter. What they did was slash SG&A to come close to break even. Unless they laid off a lot of high paid staff, that means they cut back on marketing and promotion, which is how companies boost short term profit at the expense of the long term.
They're going to need to do a lot better to justify that $80 million market cap.
TA - Over $500 million in toxic funded pump and dumps exposed and growing every day!
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