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jboatswain

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jboatswain

Re: MakinBank post# 67

Friday, 01/13/2017 2:51:12 AM

Friday, January 13, 2017 2:51:12 AM

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From the recent 10-Q

Sales and marketing: 11.2M
General and Admin: 3.8M
Gross Profit: 16M

EBITDA approx: 1M from the last Q.

That explains where it is going.

Unless the company can increase gross profit without an increase in sales and marketing, I don't see a way out.
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