InvestorsHub Logo
Followers 11
Posts 1148
Boards Moderated 0
Alias Born 06/15/2013

Re: Clifford22 post# 7032

Monday, 12/15/2014 9:00:24 PM

Monday, December 15, 2014 9:00:24 PM

Post# of 17032
Profit isn't so easy. Their gross profit for the quarter was $750K on sales of $2.5 million, leaving a net loss of $3 million. Assuming that the future holds true, they'd need sales of over $12 million per quarter, about $48 million per year to break even.

With the lack of growth they've had in the last year, I don't see them doing even $20 million next year.