Labor Smart Inc (LTNC)

[sobe4life]

You are wrong.............

*Losses as a percentage of revenues are declining.
Already addressed with gross profit margin.


LTNC's losses declining as a percentage of revenues, like the increasing gross profit margins, have ZERO to do with the LTNC becoming self-insured. The reason for this is because there hasn't been enough time for the company to experience any meaningful effects from becoming self-insured. Losses had slowly been declining before the company became self-insured.

Fact is, losses have been declining because the company has increased its size, generated more revenues, matured more branches and increased gross profit margins significantly.