APT MotoVox Group Inc. (MTVX)

[bullethole27]

Reviewing the potential of profitability

We have some stated numbers on the revenues earned but very little on the expenses the company has. However one source is the news video mentions that they will have 2M in annual payroll by the end of 2012 and only be half done with the hiring.

http://www.kmbc.com/Motovox-Plans-Expansion-New-Jobs/13438126

So they might have had payroll as high as $2M in 2012 and Revenues of $11M. The article below estimates durable goods and manufacturing as having payroll expenses at 22% of their overall operating expenses on average. If that holds true for APT then their total operating expenses would be 9.09M. $11M - $9.09 = $1.91M profit. These are obviously just back of the envelope calculations but it shows that it's not crazy to think we may be profitable.

http://www.shrm.org/Research/Articles/Articles/Pages/MetricoftheMonthSalariesasPercentageofOperatingExpense.aspx



Also, here's a bit more detailed review from a professional review site on the mini bike.

http://www.infobarrel.com/Review_of_the_Motovox_2_Wheel_Gas_Scooter_-_MVS10