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Wednesday, April 30, 2014 9:54:52 PM
The contract is 40million I believe over 5 years, correct me if that is wrong. If that is the case then its more like $550,000 per month at full price. Assuming they are getting the 48% at the retail price then thats cutting the profit down to $260,000 per month. These are minimum contract requirements and still EXCELLENT earnings for a start up. I just wanted to make sure the numbers are correct.
My math;
40,000,000 / 72 months = 550,000 then 48% of that is <> 260,000
So a single quarter's revenues and likely what we'd see 2nd quarter this year will be at least $1,500,000 in sales and about $780,000 in profits before any odd business expenses.
VERY RESPECTABLE NUMBERS and not taking into account any US or other sales or other products.
GO MRIB!!!
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