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200k paint job. Lol
Just wanted to make this clear!
$VRUS
Growth companies spend a lot of money in their first few years. Everyone needs to wrap their head around this fact. Profit is not a focus right now. Growth is the focus!
Verus has spent the last year acquiring companies, hiring top talent, renewing/producing/marketing their new products. I expect this spend to continue through the hyper growth phase. Verus has made significant moves over the first 3 quarters of 2019, hiring top talent, buying up companies, creating an entirely new MLB market segment. The unreported months have been more of the same. No one expects a growth company to be profitable early on. What you look for is sustainable revenue sources and acceptable industry margins that can lean out as the company matures into volume and scale of existing revenue streams with high market penetration. At that point the focus shifts to efficiency and yes profit, rather than growth. Verus has 1 goal right now, that investors are looking for and that’s Revenue Growth of the triple digit variety. Breaking even would be fantastic at this point and very likely in the coming months, if not already!
2020 Revenues will be at minimum $26,000,000, but more likely in the neighborhood of $50,000,000 - $100,000,000. The core business is food wholesale based in Dubai and food companies are benefitting majorly from the pandemic. This company is just beginning its ascent and the current pps is waaay undervalued.
Take everything you think you know about OTC companies and everything you’ve experienced in the OTC and throw it out the window. Verus is writing it’s own playbook and OTC rules don’t apply here. Verus is in unprecedented OTC territory! Early positions in real-deal companies don’t come along for individual investors very often, but here we are. Take it or leave it, we all have a choice!
$VRUS
This 8K is regarding the 10q, not 10k. They filed this because they could. And this way the 10q is not late, only the 10k. So as soon as they file 10k, they are no longer delinquent with the SEC. It’s smart business. Just because they have all that time doesn’t mean they have to take it. The company has stated they intend to file the 10q within days of the 10k. But, that was before the Coronavirus lockdown, so we’ll have to get guidance on this during earnings call, unless they address it before.
The 10k is still on track to be released end of March per the company, which has been addressed since the coronavirus craze started. So no further delay in 10k release
$VRUS
Very nice! Great buys! There is no bad purchase at these levels. Keep buying when you can. That’s what many of us are doing. I own shares at nearly every price point from $.002-$.027 and I don’t regret any one of them. The real valuation and pps has yet to be touched!
$VRUS - “what what happens”
I 100% agree with you. I have been saying the same thing for weeks, which is why I posted it, as proof to put this bed once and for all. Anshu let them save face. They missed their deadline and did not get the extension. They disagreed on the interpretation of reporting. Big f’n deal. I disagree with my CPA on tax law all the time. I always listen to him and he listens to me, then we both go back and research it more to be sure, meet again and decide on the best path forward. Guess what though, if I think I’m right after I look into it and present my case with evidence and he still didn’t agree, I would probably find a new CPA. None of this stuff is black and white. It’s just like tax law interpretation, full of gray areas. If it’s something that needs addressed, I have full confidence that Anshu and Chris will fix it. Beyond that, my interest is minimal.
$VRUS
“After careful consideration, it became mutually apparent that after providing requested audit documentation and expending significant time, Mayer Hoffman McCann P.C. (“MHM”) was not going to be able to complete the audit within the Company’s required timeline. As noted in the Company’s recently filed Form 8-K, MHM recognized this reality and elected to resign as our audit firm mid-audit.”
-from Operational Update (shown below for reference)
VERUS INTERNATIONAL PROVIDES OPERATIONAL UPDATE
February 25, 2020 07:00 ET | Source: Verus International, Inc.
Gaithersburg, MD, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) is providing the following operational update as part of a plan to issue updates during the period leading up to the completion of the delayed fiscal 2019 Form 10-K, and subsequent filing of the fiscal 2020 Q1 Form 10-Q, which is due March 16, 2020.
Audit Update
When the Company decided to switch to a larger audit firm, it did so with the goal to engage a much larger audit firm to improve its standing before up-listing to a national exchange. Instead of being a bridge to greater institutional cache, the move to a top ten national audit firm proved to be overwhelming on multiple levels, particularly in terms of the unresolved discussions. After careful consideration, it became mutually apparent that after providing requested audit documentation and expending significant time, Mayer Hoffman McCann P.C. (“MHM”) was not going to be able to complete the audit within the Company’s required timeline. As noted in the Company’s recently filed Form 8-K, MHM recognized this reality and elected to resign as our audit firm mid-audit. On a positive note, the Company has already completed most of the financial audit efforts, so a new audit firm will be able to hit the ground running and achieve a timely audit completion.
The Company’s position regarding the unresolved discussions with MHM as identified within its recently filed Form 8-K is unchanged from its original position when the related financials were originally disclosed by public filing. Accordingly, the Company does not believe such unresolved discussions are material to the prior period financial statements, including the annual and interim periods affected, and therefore, does not believe restating the financial statements previously filed is required.
To complete the fiscal 2019 financial audit as timely as possible, the Company has identified a new audit firm, which it expects to engage and announce shortly via Form 8-K. As this has been a humbling experience and will require more time, the Company’s current goal is to file the fiscal 2019 Form 10-K during March 2020, followed very closely by the fiscal 2020 Q1 Form 10-Q.
Marketing Initiatives, NGA Show
As the food show season is underway, the Company has a booth presence this week at the National Grocers Association (“NGA”) show in San Diego, California, building upon the great success experienced at the recent (big box oriented) Las Vegas sports licensing show, where our first national retailer was signed. The NGA provides us access to a different class of buyers -- key grocery stores that are on our customer wish list. Buyers representing more than 7,000 stores attend the NGA show with their wallets in hand, spending over $500 million on the NGA show floor. In advance of this important event, the Company sent sample packages to attending buyers in anticipation of high-level meetings and considerable booth traffic.
The Company’s recent chocolate basketball tweet generated a lot of questions, and that basketball-themed candy is part of its new product samples. We can now confirm that we are in active discussions with NBA teams, which is our next league target. Our growing product line is really improving our ability to attract the attention of larger retailers, along with other licensing partners.
Operational Update
Operationally, the Company is pleased to report that its bulk shipment of gummies has arrived from its supplier in Spain, so packaging and shipping can begin. This will put us ahead of schedule for our goal to have all 30 Major League Baseball (“MLB”) teams represented on a national scale. As our first national retail customer can’t be revealed just yet, we are excited to share that it is one of the 25 largest retailers in the world. Gaining shelf space at top tier customers helps enhance our sales efforts, so we are looking forward to seeing our new product packaging and gummy shapes on shelves throughout the U.S.
Our Texas facility is progressing as planned, but like many other manufacturers, we have experienced some delays due to the current situation in China. These delays will not impact our ability to meet demand, which we can fill out of third-party facilities until the final pieces of our assembly line arrive and become operational.
Furthermore, our MLB business will be our fastest growing segment in the first half of the year, however all of our product lines are experiencing strong customer demand, which will provide the potential to diversify revenue sources over the next several quarters. Despite some recent delays, we are standing by our projection for triple-digit growth during 2020.
About Verus International
Verus is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S., South America, and the Middle East. The Company trades on the OTC market (OTCQB: VRUS). Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company’s website, www.verusfoods.com, and via the official Twitter feed @Verus_Foods and the Big League Foods subsidiary Twitter feed @BigLeagueFoods.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com
https://www.globenewswire.com/news-release/2020/02/25/1989915/0/en/VERUS-INTERNATIONAL-PROVIDES-OPERATIONAL-UPDATE.html
That’s great! Thanks for stopping by...
You can and you do make it up. I’ve been proving that all day today. I shall continue
-I don’t know of any notes that are defaulted? Please post evidence...you won’t, because this is fabricated
-There is no 1:400 RS on deck. That was authorized and never utilized. They let it expire because it was not needed.
I think you’re out of your element on this one...may be time to move on!
You would have to own shares to do that...clearly your chasing!
In regards to the Buffalo order you keep harping on...
“As of October 31, 2018, the Company had sold approximately $8.2 million in products pursuant to its original $79 million buffalo order.”
Really? Up 30% bro! WTF
That’s an ignorant statement
Mark Forney <mark@mkrir.com>
Thu 3/12/2020 11:56 AM
Inbox
To:
Chris;
Evernote
Chris,
The lack of insider buying was a pretty big topic a while ago and has been discussed internally. You won't see any right now because we are all currently in a blackout period due to corporate developments and earnings.
Appreciate your comments, as it hasn't always been an easy road here at VRUS. Once the doom and gloom ends, the real story will emerge more clearly.
Mark
Polvo -You should know by now that I don’t make unsubstantiated claims. Next time just ask nicely! -C
For the record...Everyone has had an equal opportunity to buy extremely discounted shares in the past few days. If you didn’t, that’s on you. Don’t come wining to us in 2 mos, because “the Longs are only being positive because they bought cheap shares and their up.” You can’t be upset because someone’s position is better than yours. That’s like cstomping your feet for not getting a 1st place trophy, when you finished 4th. This isn’t socialism. The opportunity sat there for days. Congrats if you took advantage of it. I’m sorry if you sold. It’s not too late, though you missed the initial come back.
Verus strategy is simple...”No wining”, ha, just kidding! - Keep eyes on the business and wait for the pps windfall...my 2 cents!!
$VRUS
Insider buying is on the table. Mark has confirmed this. They are all in a blackout period right now due to the Financial Reporting period, but I agree with you. The coming weeks should put VRUS on the map in many ways, but I think the pps starts catching up to the business sooner than later. This may be the beginning! Glad I got my .009s yesterday!!
$VRUS
Anshu wasn’t CEO in 2016, when that RS occurred. RBIZ 1:200 RS was announced Nov 22, 2016. Anshu joined the company in Jan 2017. Why let facts stand in the way of a good narrative. Sorry bro, you have come up against a set of Longs in this company that know the company they are invested in. If you want to sling dirt, you better do some better DD than this. You aren’t cutting it around here. I hope this post resonates with all those investors who are feeling scared and getting worked up by posts like these. It’s false misleading and disgusting behavior.
$VRUS - the sun will rise very soon!
WTF are you talking about? It’s the essence of the business. The Dubai based international food business is where most of the growth is coming from. You’ve been here to long to not know what your talking about.
About Us
Verus Foods has developed fine food products sourced in the United States-and exported them across the world. A sharp eye on quality, sustainability, and the products customers want, we work very closely with our local and international suppliers to deliver the finest food products at reasonable prices.
With a leadership that has over 20 years' experience building successful partnerships between international brands and local retailers, a rapidly-expanding manufacturing operations platform, and growing brand recognition, we are gaining a reputation as a rising force in the global Food Industry.
If it’s constant, then it’s probably perceived as true and therefore not intended to be misleading. Many here have pre-VRUS (RBIZ) shares that were purchased in the .002-.004 range. Therefore many are still up, which is why the sentiment that you want, you aren’t getting. You can’t blame a message board for people losing money in the coronavirus.
The optimism is in the company. Everyone knows the stock is underperforming, but the company is thriving. So if your long you are optimistic that the pps will catch up to the business, this the optimism or “bulling” as you call it. It’s not pumping, it’s not bulling, it’s honest sentiment and it’s not the boards fault if you don’t share that same sentiment. I own shares from $.0021 all the way up to $.027 and all the way in between.
There is a disconnect between being positive in the business which is all that matters to a long and a trader who came here for a flip, on someone’s quick tip. That rarely works out, we’ve all learned that lesson. DD the company and buy, pass, hold, or sell. Lots of options. But just because the market is artificially down, that doesn’t change the sentiment of an investor primarily looking at the business, and is indifferent to the current pps, because we know where it going, when Fins come out. Longs pay attention to the company, not the L2, unless we’re buying more, Ha!
$VRUS
Pffft, more like a failed Red paint job...MMs Dropped the price to move 270k shares after it had been in the .009s most of the day. Why? I guarantee those bids were available all day!
It’s a good “company”, the “stock” is certainly underperforming. Longs invest in the company or the business and wait for the pps or “stock” to catch up. We’re talking about 2 different things
Yeah the PPS gets pushed around on really low volume, which is a problem of the OTC. I call it manipulation, others may call it something else, but it seems to only happen in the OTC and it happens to every ticker I have ever been a part of . When there isn’t news, it’s gets walked wherever the MMs want it to.
That money sitting on the sideline is going to get crushed. It’s not-smart money, but it’s sitting there, thinking it’s smart, holding out trying to time the market, which is the worst kind. This goes for the entire market. Smart money is in or already back in. The ones who got out first caused the drops and the resulting market panic. The market will come roaring back with any little coronavirus good news as a catalyst. VRUS will launch independent of that, IMO!
Nothing new to report, I see
Just nabbed 240k cheapies. Can’t pass up these prices!
$VRUS
Nope, MHM fined $300,000 in 2012 for Rubber Stamp Municipal Audits in Bell California. MHM settled in exchange for keeping their license in the state and taking probation rather than facing suspension of their license by the state of California. MHM Paid $300,000, plus $50,000 for fees related to the investigation. Plus 2 years probation.
Mayer Hoffman McCann to Pay $300,000 Penalty for Municipal Audits
https://www.accountingtoday.com/news/mayer-hoffman-mccann-to-pay-300-000-penalty-for-municipal-audits
What’s his company?
Thank you, I will return the favor
Nothing Fake here my friend. When statements without facts get questioned, a time tested strategy is to resort to name calling. In fact my 5 year old son utilizes the same strategy.
I don’t post on boards that I’m not invested in. I don’t have time for fake posts. My sentiments are as posted. Believe me, or don’t, it makes me no difference. Nothing I post is intended as advice...It’s sentiment and it’s mine, developed over a lot of DD and time. I only trade/invest on the side. So wherever I am posting, or whatever I am posting about, it’s with good intentions only. Can you say the same?
So if you read my post about a stock or company, you can be sure that I’m either investing, invested, or looking to invest. Believe it or not, there ARE many, real, living-breathing-Longs, right here. Many of us have been here for a very long time, because we value VRUS at greater than it’s all time highs. Hard to accept, I know. It’s called valuing the business. I invest in businesses rather than stocks. Stock timing in the OTC is only line with the business around the earnings releases. Which we are about to have a lot of.
I am as real as they come, brotato. I don’t have ulterior motives or multiple handles. I’m not here for any reason other than to converse with other shareholders. Are you one?
My sentiment has never wavered and this pull back is not going to do anything more than allow me to go deeper and strengthen my position in Verus. If you are selling, then I thank you for your generosity. If you are holding, hold strong! GLTY
-C
$VRUS
“A wise man thinks ahead; a fool doesn’t, and even brags about it!”
Proverbs 13:16
Yes, that had to be the worst timed and worst thought out, FUD post I have ever seen. My tolerance for the ignorant is wavering. Brutal honesty and counter FUD DD are ensuing! I literally laughed when I found the MHM settlement article. It took all of 1 search to come up with that. Not sure why I never thought about doing that before, but maybe I just never gave it much thought. Keep fighting the good fight and take advantage of the “FUD” Market sell-off. GLTY
$VRUS
No time like the present
Thanks for sharing Nest! It’s crazy to be able to still feel so confident about an investment in these times, but this company is truly amazing and what’s more amazing is that the market has largely abandoned it. Verus is going to shock and awe! I’ve said many times, and I’ll keep saying it. We’ve all been tested, there is no doubt about that and this is another, but the only thing that matters now, is seeing it through and reaping the rewards. GLTA - stay healthy!
$VRUS
Well said Dewm. I fully concur, that I am proud of our president and our congress all working together to fight this. We will no doubt come out of it stronger. Congrats on discounted buys, these are a tremendous bargain!
GLTA - stay healthy!
Again, Credibility is a funny thing. This claim is ridiculous. I could end my post there, but I’ll continue...The whole world is losing money, including you, and you’re coming here claiming this is the company’s fault and there will be a class action law suit for the drop in share price. Are you starting to see the gaping holes in what you post?
I could go on, but this doesn’t deserve any more time!
$VRUS
Credibility is a funny thing, Glass House! You see no company is perfect, but when you start slinging mud, the worst tends to come out on both sides and only the worst.
MHM most likely addressed the issues back then and terminated those involved and may not have had any issues since. Point is one event doesn’t tell the story.
Mayer Hoffman McCann to Pay $300,000 Penalty for Municipal Audits
June 04, 2012, 12:48 p.m. EDT
Accounting firm Mayer Hoffman McCann has agreed to pay a $300,000 penalty to the California Board of Accountancy, plus investigation costs of up to $50,000, and be subject to two years’ probation, for its audits of the California city of Bell, where a number of officials have been accused of fraud and public corruption.
As a result of the settlement, the firm, which is affiliated with CBIZ, will be allowed to continue to practice in the state of California. The firm had been facing a six-month stay on its license, but it will be able to practice while remaining on probation.
State Controller John Chiang issued a critical report in December 2010 on the Irvine office of the firm’s audits of Bell’s accounts for the fiscal year ended June 30, 2009. “MHM appears to have been a rubberstamp rather than a responsible auditor committed to providing the public with the transparency and accountability that could have prevented the mismanagement of the city’s finances by Bell officials,” he said in a statement. “Had MHM fully complied with the 17 applicable fieldwork standards, it would have led them to identify some—if not all—of the problems my office has uncovered since August.”
Eight former public officials from the city are facing public corruption charges, according to the Los Angeles Times. Chiang noted that the firm had relied primarily on comparisons to prior-year financial statements, requesting information on variances in excess of $200,000 and 15 percent from the prior year. For example, a $300,000 loan to a local business was not flagged for additional review because the same loan with the same value appeared in prior-year statements. Instead, auditors should have reviewed the age and collectability of a loan that showed no repayment. The now-defaulted loan was made without the City Council’s knowledge.
Mayer Hoffman McCann announced last Friday that the California Board of Accountancy has completed its investigation of the firm’s audit of the financial statements of the City of Bell, for the year ended June 30, 2009. As a result of the investigation, MHM has entered into a settlement agreement with the CBA by which it will continue to practice in California without interruption.
The CBA’s review was prompted by various reports of fraud, abuse and corruption involving City of Bell officials. There were eight specific criticisms identified by the CBA, which focused primarily on audit documentation issues, rather than audit procedures.
“We appreciate the professionalism and input of the representatives of the CBA throughout their investigation,” said MHM president William Hancock in a statement. “We have taken the events at Bell and the findings of the CBA very seriously, and we have used this as an opportunity to renew our commitment to high-quality audit services. As recognized by the CBA, and in addition to addressing the audit documentation issues noted by the CBA, over the past two years we have implemented a wide array of improvement measures in response to the current city and municipal audit environment, including enhancement of our government audit methodology and processes, and additional continuing education programs and training for our professionals.”
“We have also undergone two independent examinations covering our California city and municipal audit practice, each of which has concluded that we are in compliance with audit quality control standards,” Hancock added. “In short, we have emerged as a better firm, committed to serving the public interest and our California clients.”
The CBA cited several factors that generated a favorable disposition of the CBA to Mayer Hoffman McCann, an outside spokesman for the firm noted. “We were never the subject of any prior disciplinary action by the CBA,” he said. “We accepted responsibility at an early stage in the proceedings. We were cooperative in all respects during the investigation. We proactively developed and implemented remedial measures that enhanced and elevated procedures in our local government auditing practice.”
Under the settlement agreement with the CBA, MHM is subject to two years’ probation. During the probation period, MHM is subject to certain terms outlined in the settlement order such as submission of quarterly written reports, personal appearances for interviews with the CBA, a practice investigation conducted by representatives of the CBA, and required dissemination of the settlement order to all MHM professional personnel in California.
Also as part of the settlement agreement, MHM plans to commission another peer review of the firm’s California governmental audit practice group before July 31, 2013. The firm has agreed to pay a $300,000 administrative penalty and reimburse CBA’s investigation costs for an amount not to exceed $50,000.
https://www.accountingtoday.com/news/mayer-hoffman-mccann-to-pay-300-000-penalty-for-municipal-audits
Wouldn’t be the worst thing, they are soaring and we are more undervalued than ever before in our short history, though the discount is only available in the open market. A buyout would give us a “hopefully” true valuation!
2020 Revs will far exceed the current valuation...it’s possible they already have!
$VRUS
Our Dubai based International Grocery business has to be absolutely crushing it right now.
Take a look at CAG, ConAgra, a more mature, much larger, less exciting CPG Food company and they are up 30% since Monday, and still rising in this situation. I look for some staggering Q2 numbers!! So much on the horizon. I’m adding as many cheapies as I can!!
We’ve been more than pushed around waiting for Fins, but when they drop, the only ones who remember the hard times will be us...everyone around us will say, “your so lucky”...yeah it’s all luck!
It’s been a rough ride, but, I am going to grin with pride, and know that we all earned it.
I’m hind sight it may be a blessing that the Fins were late. All of those gains would have been eaten up by the virus. Just shining a little light in the dark forest!
“Timing, perseverance, and ten years of trying, will eventually make you look like an overnight success”
-Christopher Isaac Stone
$VRUS
The last 3 quarters have grown 145%, 152%, 153% YOY respectively, for the same periods. So it’s likely that sort of growth will continue. I fully expect them to exceed the $50M mark, but in an effort to calculate in the least speculative way, I came up with what should be the very least amount Verus will generate this year.
I was simply laying some groundwork for some type of forecast for 2020. The least amount of growth while still being triple digit, which is the guidelines that the company has laid down for many months and continues per the last 2 PRs. So while $100M would be fantastic, $26M is impressive, and should be the minimum expectation. The reason I calculated this, is because I wanted to compare that to current valuation and they are basically 1:1 right now. $26M for any OTC is impressive, but it shows the bargain here. Verus is a company that is currently sitting at a $26M Valuation with an all but guaranteed minimum $26M Revenues for the current year. Hopefully that give people a perspective of the opportunity or helps them decide what to do.
If you take anything away from my post, it’s this:
Revenues will exceed current Valuation in 2020
$VRUS is an absolute gift at these prices, IMO
$26,520,000 Minimum 2020 Revenue Forecast
-what OTC company has $26M in Revs...answer ZERO
-based on forward looking statements made by company of triple digit revenue growth through 2020
$VRUS - just another mic drop moment...$26M Boom and walk!
$26.52 Million 2020 Revenue Forecast at minimum
-based on forecasted Triple Digit Growth (at the minimum 100% growth rate of Quarterly Revenues YOY for the same periods.
Revenues will likely be much higher, but this is only measuring the minimum 100% growth benchmark each quarter. This will have to be the measure until the updates financials come out the real Oct 19 (Q4) and Jan 20 (Q1) Revenues come out.
This is a big number and as impressive as it is, it’s the absolute minimum that Verus will do in 2020. Taking no recent developments into account. This is simply a calculation based on the long touted forward looking guidance from the company.
Historical Quarterly Revenues
Oct 18 (Q4) - $2.2 (for future forecasting purposes)
Jan 19 (Q1) - $2.44M
Apr 19 (Q2) - $2.94M
Jul 19 (Q3) - $3.48M
Oct 19 (Q4) - *$4.4M (*estimated minimum based on 100% growth over Oct 18 Q Revs)
2020 Revenues *Minimally Forecasted
Jan 20 - $4.88M
Apr 20 - $5.88M
Jul 20 - $6.96M
Oct 20 - $8.8M
Minimum Forecasted 2020 Revenue = $26.52 Million
*Forecasted based on the continued triple digit growth forecast through 2020
(calculated by minimum triple digit growth - 100% of Quarterly Revenues YOY for the same periods)