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Friday, November 21, 2014 10:22:00 AM
CPW13154
When the company talked about there revenue did they try and brush over the fact that over half (17) of there places did a combined total of $400,000 for October. Thats total folks.
First of all, I just bet there are a boat load of investors sunk in a stock trading at a penny that WISHES the company they invested in was doing $400,000 a year (total) in revenues!
But as it relates to LTNC, I think it's important TO NOT PURPOSELY LEAVE OUT that of these 17 branches, 15 are brand new and have been opened for only a few months.
A better gauge is to look at their already existing 14 branches that have been opened for more than a year. They have had time to generate a client base and consistent revenue streams.
Labor SMART is actually projected to generate $40 million in revenues from these same 30 branches in 2015 without any additional growth.
NOT TOO SHABBY!
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