![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 17, 2001 9:16:28 AM
Cost of Goods Sold. Cost of goods sold increased 57.0% from $61
thousand for the quarter ended March 31,2000 to $96 thousand for the quarter
ended March 31, 2001. This increase was a result of increased stock levels and
procurement costs for the volume production of the SecureView product line. Even
in light of this increase, however, gross profit remained at an acceptable
51.4%. Cost of goods sold relates to the parts and fees paid to outside
companies for manufacturing the product and procurement of certain parts and
components used in the manufacturing process.
Something sounds wrong here. If the above statement is true and we have incurred all these additional costs for secureview and we have not shipped all the secureview product that these costs (materials and components and partially completed units) represent, then would it make sense that these costs are actually considered inventory.
If so then, cost of goods sold would actually be significantly lower which inturn would increase our gross margin and trickle down to net income. They could have already taken this into account, but curious just the same.
JMHO
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM