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I bought another 200,000 shares I can't imagine anyone not picking up a million today at this price...see you on the other side of the Q!
WHERE'S THE Q??
Where is that d---mn Q?????
Great! I see last year they filed Q on the tenth! Can't wait.
When is next Q?
Finally the retrace into the pennies...so glad I kept accumulating and blocked out the noise.
The next run up will be a doozy.
Wow is this news that came out today?
I saw this happen with one of my pot stocks...it would go up like this every couple of days...by the time the air cleared it hit $4.
Good point. People investing without patience who bellyache about the stock in a holding pattern should simply sell. There are very few otc stocks showing rising revenues, distribution of product in place. I'll hold my shares and check in from time to time. There's little risk here right now with great reward for the patient.
Exactomundo. In fact, gotta thank these guys as I've added 100,000 shares in the last couple of days.
Been there easily will be there and beyond soon enough been with the stock on its climb a long time always a regret to sell, especially now...I suggest to anyone that can't deal with the volatility of a penny stock, even one like this pulling in revenue like none other, simply sell your shares rather than putting so much energy into forums.
.05 by end of year or higher, the rest of this is noise.
The volume is INSANE right now, it's like a tinder box if info comes in.
Thank you for this amazing info.
As I said, I've always regretted selling vrus stock. Glad I've continued to hold through this pandemic wreaking havoc on the market.
Everytime I've sold I've regretted it. Penny stocks in the age of covid have a bigger hill to climb but I believe Mark when he says the Q3 will be the best it's ever been. If holding is too stressful then sell otherwise be patient and sit out this lengthy nightmare that we'll all wake up from at some point.
Well, I'm back in. CanB is a good solid company it will only continue to expand.
Buying opportunities now through December if you want to ride the train.
LOOK AT THAT VOLUME! People ARE buying as others are dumping in TREMENDOUS AMOUNTS because the market is taking a hit today and the likelihood is this will pop up when the market reverses considering. People are selling who have fear of the entire market, people are buying who have confidence this will be the otc to bubble up as things reverse. No mystery here.
Because they want people to sell to buy at the lows.
The financials showed increasing revenues (see below) quarter after quarter even during this pandemic. They had started selling on Walmart during the pandemic.
VERUS INTERNATIONAL REPORTS RECORD SECOND QUARTER RESULTS
BY GlobeNewswire
— 5:05 PM ET 06/22/2020
Gaithersburg, MD, June 22, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. ( VRUS
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) (“Verus” or the “Company”) reported record results for its second fiscal quarter ended April 30, 2020. In conjunction with this release, the Company is also providing additional details on its business outlook for the second half of fiscal year 2020.
For fiscal Q2 2020, management is noting the following items of importance:
Revenue set an all-time 2nd quarter record, reaching $4.6 million, an increase of 58% over the $2.9 million reported in Q2 2019.
Due to pandemic-related port and store closures, a portion of expected Q2 2020 revenue shifted into Q3 2020.
Gross profit margin improved to 15.8%, 46 basis points higher than the 15.4% reported in Q2 2019.
Operating expenses of $7.7 million were $7.0 million higher than the $0.7 million reported in Q2 2019, as a result of a $6.3 million increase in stock-based compensation and higher expenses across all other categories to support the record quarterly revenue. The significant increase in stock-based compensation expense was due to an amendment to the CEO’s employment agreement whereby the ability to receive quarterly and annual warrants to purchase shares of the Company’s common stock until such time as he owned 20% of the Company’s then issued and outstanding common stock was replaced with a one-time grant of warrants to purchase shares of the Company’s common stock. This amendment generated a one-time stock-based compensation expense of $6.5 million. On a proforma basis, excluding this one-time expense, operating expenses for Q2 2020 were $1.2 million, compared to $0.7 million in Q2 2019.
Operating loss of $7.0 million was $6.8 million higher than the $0.2 million loss reported in Q2 2019, as a result of non-cash expenses that more than offset the gross profit increase. On a proforma basis, Q2 2020 generated an operating loss of $0.4 million, after excluding non-cash expenses (stock-based compensation, intangible assets amortization, and depreciation).
Net loss was $7.3 million for Q2 2020 compared to net income of $2.2 million for Q2 2019. On a proforma basis, Q2 2020 generated a net loss of $0.5 million, excluding non-cash expenses (stock-based compensation, intangible assets amortization, convertible notes payable related items, and depreciation).
Stockholders’ equity achieved a new record at $0.5 million, which is significantly higher than the stockholders’ deficit of $0.9 million reported at fiscal year end October 31, 2019.
“Our quarter looked fairly normal until April, when we suddenly faced trade route and store closures in every product line and geography where we operate,” explained Verus ( VRUS
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) CEO Anshu Bhatnagar. “Because we source almost all of our product internationally, port closures and transportation disruptions have a big impact on our business. Fortunately, these were all temporary situations, so our business has quickly returned to normal. We were pleased to still manage a 58% growth rate during our most difficult logistical quarter ever.”
On a forward basis, the Company is providing the following update and guidance:
With shipment schedules resuming, Verus ( VRUS
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) is projecting a return to triple-digit revenue growth for the remainder of calendar 2020;
The Verus Cares division received its first shipment of masks in the U.S. and has begun to ship samples to prospective customers;
The Big League Foods (“BLF”) division recently received its first reorder for candy products from a regional chain (Big 5 Sporting Goods);
Based on active discussions, the BLF division expects to sign additional grocery store and regional chain customers over the next few quarters;
Verus ( VRUS
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) is projecting that the upcoming quarter, (Q3/2020) will be another record quarter for revenue.
“This quarter was frustrating, because we had the orders to generate triple digit growth results, but we simply couldn’t get shipments to market during April,” said CEO Bhatnagar. “The good news is that our supply lines have returned to normal and U.S. retailers have reopened. Major league sports are still an unknown in terms of their schedules and start dates, but we have plenty of sales momentum to keep the BLF division busy this summer. Our Verus Cares division has been much more of a project than we expected, with unanticipated supply issues creating significant initial delays in our ability to pursue business. So, that division remains the wild card in our revenue mix. We now have adequate gown and mask supply in place and are reassessing the sales strategy to stimulate better results. Our expectations for triple-digit growth are based on our legacy business, so we have great confidence in our growth rates through the remainder of the year. Coming out of this pandemic, we intend to keep it simple for a while – concentrating on our core business units and areas with the fastest growth.”
Their revenue keeps increasing in the millions unlike any of these other OTC companies I see.
Their revenue keeps increasing in the millions unlike any of these other OTC companies I see.
Great! Moving on!
This stock will gain momentum as retail and sports open. There's no mystery here. It's a good company making great revenue and will continue its momentum...this day to day stuff and watching the numbers tick up and down a hundredth of a point is silly...check in on you next week.
It will fly up when least expected...Big League foods in Walmart, PPE orders win win. Patience
Announcing their presence on Walmart this past week and their first order of PPEs going out and the cash flow coming in isn't communicating??? People always pull out of OTCs and into the big stocks in situations like this and we're talking a hundredth of a point not moving much have patience once this passes and with continuing news the stock will move up.
The entire market has gotten bashed this week and vrus has fluctuated a hundredth of a point big deal. The fact is Walmart has gone through, they just got that first big order for pandemic supplies, they are still generating amazing revenue because the products are necessaries during this crisis.
Walmart just announced in their tweet in last 6 minutes.
Let me second that. Increasing revenue. Great management. Patience is rewarded.
And...added another 50,000 thank you very much!
Hopefully it will retrace back to close to 3 and then above and next push with 8k should be up close to 5 if it follows its past trend.
Look at it go! And this is just the beginning!
If you didn't get in at 12, 13, or 14 even, you just missed the catalyst people, or should I say the boat.
The hubbub is to buy your shares because this stock is on the cusp of its even bigger bright future. Hold tight.
Government contracts for face masks. All people need to know. Holding.
I agree picked up another 50,000 shares just now wooHOO! AMAZING vrus.
Ha thank u sellers...great buy today. did the same thing last week after amazing news a drop and then a quick upturn. The increasing millions revenue for an otc stock is amazing as is the upcoming sales of face masks. We are going to a nickel see you all there.
ty for info on Verus meeting for shareholders at 4:30