Snakes DD: I fully expect margins to improve as they grow... The 2 Snakes locations + distribution have been supporting a good amount of overhead (including GroZone), for stuff like web design/maintaining thousands of products on the site, sales people that were getting the distribution segment going, accountants, lawyers, warehouses, etc, etc... but all of this infrastructure is in place now and capable of handling much more growth...
...and they are STILL turning a NET profit for 2 Q's in a row, after all of these startup/expansion expenses... Of course there will be additional expansion costs down the road, but for them to be able to support everything + avoid dilution, is impressive for the stage they are in... Frankly, i would not mind a small loss at this stage, even minor dilution, if it was used for rapid expansion.
2 Q's ago they collected $300,000 in NET profits on $1,500,000 in revenues... and now we are landing single distribution orders, that almost match that entire quarters revs.
A steady flow of sold financial reports are coming. This is the best time to find an emerging growth stock. All ya gotta do is be patient and let seeds of prosperity grow.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.