Thursday, June 25, 2015 9:11:39 PM
And without JAMN for the last 4 years, Rohan wouldn't have a private coffee business, either - yet from the beginning he made sure that JAMN wouldn't have any part of the profitable part of the business.
I did read it and if you take away the international sales, the US sales are well below $2 million per quarter. They're in 7,200 retail stores in the US, so how are they making more than 10% of the US amount in 3 retail stores in South Korea? Something sounds off there.
It's still bad that Rohan purposely set it up so that JAMN couldn't share in the bigger business.
No; there wasn't a profit. There was a $1.2 million loss. Why do you think there was a profit?
1) I don't think that the reduced expenses will last. Next quarter we're going to be right back to the $2.5 million per quarter expenses.
2) In order to break even, JAMN would have to sell between 6 and 12 million per quarter (the higher the expenses, the more they'll have to make. JAMN projected annual sales of $17 million for the year. Based on the last quarter, they're about $2 million short to average out to $17 million for the year. At a 25% gross profit rate, they would have to have sales of $100 million just to make up for the $25 million already lost, plus more to cover whatever future expenses they have. That's more than 10 times their current sales.
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM