Friday, November 21, 2014 6:09:01 PM
Well I guess if I expected the nearly 50% of start-up branches that have only been opened for several months in 2014, to be producing the same as established branches that are 1, 2, 3 years old, while having had time to mature and establish a client base.... that would suck. It would also be unrealistic. I mean that this is what we are doing when we add these new branches to the mature branches in order to obtain a fairly misleading revenue average.
However, I'm a realist and understand the common business sense that dictates a sense of reality when comparing the fledgling revenue of a new branch to the consistent flow of revenue streams from mature branches.
This is the reason why LTNC goes to great lengths in establishing true comparisons with Year over Year and same store comparisons. The year over year same store averages should actually be the true gauge of how this company is growing.
With the company projecting $25 million in revenues vs. $16.1 million in 2013 and $7.1 million in 2012, I highly doubt anyone would find fault with the growth they have been consistently showing.
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