Amfil Technologies Inc (FUNN)

[Macod]

I think the IK revs were higher, see my post based off the last annual financials.

Breaking down the numbers...



Fiscal 2017:

2017 Revenues / Gross Profit / Net Income / Gross Profit %
Q1 28,477 / 11,338 / (32,488)/ 39.8%
Q2 1,542,389 / 956,918 / 298,285 / 62.0%
Q3 1,809,064 / 827,874 / 28,803 / 45.8%
Q4 3,251,043 / 1,882,650 / (45,921)/ 57.9%
Total 6,630,973 / 3,678,780 / 248,679 / 55.5%


So Q4 at $3.2M was extremely strong and much higher than my projection. And I think it is important to note that the Gross Margin climbed back to decent level of 57.9%.

Split by business:
Revenues
College 2,090,161
Annex + Dist. 3,841,063
InterLoc 699,749 est.
Total 6,630,973


For the USD/CAD conversion rate I used 1.32 which was the average of the last Qtr. Also, I made an assumption that all other revenue goes to InterLoc, but the $700k amount for them looks high.

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