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Id hardly call a 7k drop from one month to the next huge lol. Id call 86% same store sales increase huge tho!!!!
as stated numerous times on this board as well in the 10Q, same store sales were up 86% in Q3. Despite numerous claims that "the only reason revenue is up is because of new venues" the facts are the facts. Revenue is up and its up big. In fact, one can see that revenue growth will be even stronger next year as the new stores that have come on line mature. Just imagine how big these revenues will grow when we have 15 stores next year growing at 86% vs this year plus all the new stores from next year that will be open. WOW!!!
LTNC
The reason companies compare YoY is because it takes into account seasonal trends, industry cycles etc. People can compare however they want personally but shouldnt get upset when 99.999999999% of others disagree.
YoY comparisons is how ALL businesses are measured. Im sure we'd all like to say "its stupid" to facts that dont support our agendas. This is how wall street measures companies. Sorry.
The ones I saw show a huge increase in profit potential. Increasing revenues + increasing margins = increasing profit potential. Whats great about this is that the company is not even focusing on profitability yet, they are focusing on expansion and scaling. Just imagine how much $$ LTNC will put to the bottom when the expansion is complete!
Interesting view point..Looks like LTNC improved operating efficency, gross margins, and revenues all by SUBSTANTIAL
revenues for the 6 stores open last year were up 86% in Q3. Hardly a joke. Definitely amazing growth happening here with LTNC
As we can all see..the future of LTNC is bright. Their business plan is working pretty much exactly as expected. I expect to see operating profits next year based on the revenue and margin trends.
We also were told repeatedly that the only reason for the YoY revenue increases was all the new stores. Clearly, with same store sales up 86% YoY we were told wrong.
And about those increasing write offs? Wrong too.
And decreasing margins? Wrong too.
And increasing losses? Still wrong.
Stock at .06? lol
Where's the huge pounding we were calling for after the Q was released?
Sad that when people say LTNC will lose more than a mil in q3 and it turns out that the EBITDA loss was about 100k people dont recognize the mistakes made when projecting millions in losses.
IS that because same store revenue was up 86%?
Is that because YoY revenue is up 148%?
Is that because margins improved by over 12% in just 90 days?
Is that because Operating costs are down as a % of revenue?
Is that because LTNC is projecting 30 million (conservatively) in 2014?
Is that because LTNC pays off convertible notes 9 out of 10 times?
Is that because LTNC is less than 2 yrs old and already has 15 locations open and operating?
Is that because LTNC is less than 2 yrs old and has delivered big profits to early investors?
Is that because LTNC is less than 2 yrs old and has beaten pretty much every projection they have put out?
Is that because LTNC will have revenue in excess of $150 million in less than 5 years?
just wondering lol
Any new investors visiting the board will know what they are actually looking at. A fast growing company with amazing prospects and a clear path to profitability. Any nonsense by those who wish to manipulate the stock for a cheaper price is seen for what it is by serious, educated investors.
$LTNC = Dollar land soon.
Why?
86% same store sales growth
136% yoy revenue growth
increasing margins
this will translate into bottom line profits when the company is ready to stop growing its footprint and is why im long LTNC
$LTNC nice after hours news
Labor SMART, Inc. Provides Shareholder Update
Company Experiences Continued Record Revenues and Increased Gross Margins
Marketwired
Labor SMART, Inc. 31 minutes ago
HIRAM, GA--(Marketwired - Nov 20, 2013) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to recap third quarter and Year-To-Date progress and results.
As previously reported in the Company's 3rd quarter filing with the SEC, Labor SMART, Inc. produced revenues of $5,345,172 which reflected a 148% increase in revenues on a year over year comparison. Additionally, same branch operations with at least one year of maturity saw an aggressive 86% increase in revenue production on the same year over year comparison. Year-To-Date for the first nine months of 2013 realized $11,886,084 in revenues reflecting a very impressive increase of 136%.
Equally impressive, the Company saw gross margins improve by 12.79% in the 3rd quarter going from 15.09% in Q2 2013 to 17.02%. The company expects this trend to continue over the long term as they implement their strategic growth plan which projects the Company to hit a target of 22% gross margins by year end 2014.
The Company has also seen a 150% increase in branch expansion going from 6 to 15 branches in 2013 and an explosive increase in their client base.
Of the company's operating loss of $166,786 in Q3, approximately $69,000 was attributed to stock based compensation to employees and approximately $43,000 was depreciation and amortization. The Company ended their Q3 with approximately $238,000 in unrestricted cash.
The Company is also pleased to announce that this week Labor SMART has elected to prepay two Convertible Promissory Notes issued May 17, 2013 and May 20, 2013 for the principle amounts of $101,000 and $63,000 respectively.
In other related news, Labor SMART has for the last year, been participating in the Work Opportunity Tax Credit Program, which provides the Company with tax credits for employing veterans and economically challenged individuals. The Company was recently given notification and expects to receive its first tax credits from this program in Q4 2013. The company believes these credits will be needed to offset taxes on future profits, thereby reducing their effective tax rate and increasing Net Income as they reach their desired scale and become profitable. The Company is a proud participant in this program and has always recruited veterans whenever possible. Credits earned under this program can be carried forward for up to 20 years.
Ryan Schadel, Labor SMART's CEO, stated, "We are very pleased with our Q3 results. As predicted, we saw consistent and substantial increases in our revenue production and gross margins. This further enhances our belief in our strategic growth plan and its ability to show exponential growth and eventual profitability." He also stated, "We now look forward to focusing on our growth plan for 2014 and expect to see the same growth patterns with continued increases in gross margins and asset accumulation. Additionally, we are moving forward with our previously stated plans to prepare for an eventual up-listing to a national exchange. Part of this plan will require developing acceptable internal controls and an independent Board of Directors. Our auditors have determined that our previous board makeup could not be confirmed as independent. Labor SMART intends to fill the recently vacated board position with an independent, outside director. I expect to announce the appointment of our first outside, independent board member in the near future."
About Labor SMART, Inc.
Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. Our clients range from small businesses to fortune 100 companies. Labor SMART was founded to provide a reliable, dependable, and flexible resource for on-demand personnel to small and large businesses. Every day we provide manpower for jobs in construction, manufacturing, hospitality, events, restoration, warehousing, retail, disaster relief and more. As one of the fastest growing temporary labor providers, our goal is to become a nationwide resource and partner for our clients. We take pride in the belief that we can make a positive impact each and every day for the benefit of both our client and our temporary employees. Our mission is to be the provider of choice to our growing community of customers, with a service focused approach, that positions us as a resource and partner for their business.
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with the Securities and Exchange Commission.
Contact:
Public Relations and Shareholder Information
Joseph M. Vazquez
Phone: (678) 279-5810
From this afternoons amazing PR:
"the Company saw gross margins improve by 12.79% in the 3rd quarter going from 15.09% in Q2 2013 to 17.02%.
A 13% improvement in just 90 days! WOW!!
The Company is also pleased to announce that this week Labor SMART has elected to prepay two Convertible Promissory Notes issued May 17, 2013 and May 20, 2013 for the principle amounts of $101,000 and $63,000 respectively.
So much for all those toxic shares we've been hearing about.
Additionally, we are moving forward with our previously stated plans to prepare for an eventual up-listing to a national exchange. Part of this plan will require developing acceptable internal controls and an independent Board of Directors. Our auditors have determined that our previous board makeup could not be confirmed as independent. Labor SMART intends to fill the recently vacated board position with an independent, outside director. I expect to announce the appointment of our first outside, independent board member in the near future."
Dollar land on the way people!
$LTNC
Wow...amazing info in here
http://finance.yahoo.com/news/labor-smart-inc-provides-shareholder-210100820.html
news out..
what makes you think i havent already....
Or maybe the company realized they need an independent board to meet the requirements to uplist..just a hunch.
We should read the financials. Then WE would see that the company was nice enough to break out the 6 branches that were open last year compared to how they are doing this year..there is no 15 vs 6 branch comparison. Just nice and simple..86% growth in same store sales..
Compare this
For the six branches in place at September 30, 2012, revenue increased by 86% for the three months ended September 30, 2013 when compared to the same period in 2012
Yes. A true indicator here. So much for the stated argument that increasing revenues was only because of new stores LOLOLOL.
soft fundamentals? LOL Thats funny. 100%+ revenue growth. Increasing margins. Decreasing losses. Decreasing operating costs as a % of revenue. Whats soft about that?
and profitability...lets see what profits look like with the exact same overhead costs of Q3 vs expected increases in revenue in coming quarters (lets not even talk about additional revenues from new locations). Just with what they have open now, they would have approx $2 mil in profits next year. Granted, I expect this CEO to put ALL of that money into new locations but thats the profit before expansion that Id be expecting for next year just based on current margins without any increase in % at all.
"all the overhanging stock for sale"? LOL The float is STILL less than 5mil. Hardly a situation that would call for a statment like "ALL that overhanging stock"...just lol is all i can say really.
I think we'd all like to see them with better financing, including themselves. Its a 2 yr old startup though. Not sure what people expect them to have access to just yet. Also, the "toxic" financing is only toxic to the shareholders if the company allows them to convert, which for the most part, the CEO has shown a disliking to conversions.
honestly i prefer that they continue paying the high penalties for paying off the notes vs letting them convert. shows that the CEO is protecting shareholders. obviously he believes there will eventually be enough cash flow from operations to retire all the notes and not have to engage in anymore..otherwise why not just let them convert and keep the cash? we can see that the company finished with more cash on hand than at end of any other quarter previously.
plan the work and work the plan - LTNC is doing it imo...just as planned and pretty dang accurate from prior guidance.
nah..pretty sure you said it could get pounded. clearly its not..and there are some huge bids stacking.
This Q really illustrates how much of a no brainer this is. All the company has to do is.....just keep doing what its doing! At this pace I think they will show profitability next year. Think about it..an extra 600k in revenue for Q3 and they would have a break even EBITDA. Unheard of to see a startup get to BE that quick in the middle of growth phase. I totally get it now why they are focusing so hard on expanding vs trying to show some tiny profit on tiny sales.
$LTNC = the easiest investment decision ever in the OTC.
operating expenses as a % of revenue (excluding stock based compensation) for Q3 2013 was 18.84% compared to 20.47% in Q3 2012.
Wow! Talk about efficiency improvement! That equates to an 8% increase in profitability in a 1 year time period!
Why scaling is the great equalizer for LTNC and will bring major $$ to us shareholders in the future.
That's 86% same store sales growth vs Q3 last year!
Revenue for the three months ended September 30, 2013 was $5,345,172 as compared to $2,152,243 for the three months ended September 30, 2012. An increase for the three months ended September 30, 2013 of $3,192,929 or 148%.
Combine that with this stat - payroll expenses were 7.26% of revenue in Q3 2013, but were 8.55% of revenue in Q3 2012. They are bringing in more revenue dollars per person this year vs last year!
not likely..best Q from LTNC to date. This Q clearly illustrates the company's strategy is sound and shows a very clear path to major profitability sooner than later. What more can we expect from a 2 year old company growing at 100+% every month?
Sure but those shares have probably been sold already. Those companies dont hold onto shares. They sell them immediately. And with the company paying off other convertibles i do not expect to see any major issues if the IR is doing their job. The company is way undervalued. With 20 mil OS and the CEO holding more than 15 mil this stock should be north of $2.50 imo.
Not all losses are created equal..check it:
Operating loss of $166,786
$69483 of that was stock based compensation
$43336 of that was depreciation
Real loss -$53967
$LTNC
From the 10Q "We expect our revenues and gross margin percentage to be higher during the second and third fiscal quarters as compared to the first and fourth fiscal quarters each year. During the second and third quarters, as a percentage of revenue, we expect increases in client orders related to construction, janitorial, and hospitality. Contracts for this work tend to carry higher gross margins. During the first and fourth quarters we expect light industrial and warehouse orders to make up a larger percentage of revenue, which tend to carry lower gross margins. As our expansion branches mature we expect our overall business mix to reflect higher gross margins."
On October 7, 2013, the Company settled in full the Convertible Promissory Note issued to Iconic Holding, LLC issued on April 10, 2013, in the original principle amount of $115,500 bearing a 0% annual interest rate and maturing April 10, 2014 for $149,500 in cash and 30,000 shares of common stock of the Company in accordance with the original terms of the Note.
On October 24, 2013, the Company settled in full the Convertible Promissory Note issued to Asher Enterprises, Inc. issued on April 29, 2013, in the original principle amount of $128,500 bearing a 8% annual interest rate and maturing January 31, 2014 for $178,291 in for principal, prepayment rate and interest in accordance with the original terms of the Note.
$LTNC
This caught my eye:
In October 9, 2013, the Company issued 2,195,977 stock options for employee compensation with an exercise price of $0.05 per share, expiring on October 8, 2018 in conjunction with the Form S-8 Registration Statement as filed on July 13, 2012. These options vest as follows: 25% October 9, 2016, 35% on October 9, 2017 and 40% on October 9, 2018.
In October 28, 2013, the Company issued 1,500,000 stock options for employee compensation with an exercise price of $0.30 per share, expiring on April 28, 2015 in conjunction with the Form S-8 Registration Statement as filed on July 13, 2012.
I like the 2.1 million issued with vesting not starting until 2016. Clearly this is being setup for LTNC top performers looking to the future.
The 1.5 million at .30 I had to pause. This is close to the money and these expire much earlier than the rest. Seems someone is looking for a move way above .30 if they took these as compensation with an expiry less than 2 years away. Interesting..
a million shares over 5 months...I can live with that. Compared to most OTC the way LTNC is handling this is very responsible. I still dont expect to see them let the bad boys of convertibles ever convert (they just paid off 300k a few weeks ago).
LTNC has always used the additional 5 days, even when they first got started and were showing profits. The notion that its being delayed due to bad news is just silly.
What is your prediction for losses? Very anxious to see what your DD provides in the way of expectations. I say less than Q2 2013. You?
Not when you consider that 60% of stores are less than 9 months old.Does anyone expect a store opened 5 months ago to bring in as much revenue as a store opened a year ago??