Thanks for digging, Hostastock, back to the source as regards release of quarterly sales figures. I would have guessed that sales figures for the immediately prior quarter would have been available by now (the 15th of the month following quarter's end) based upon their June 10 PR about May sales, excerpt follows:
Vapor Hub International Announces Top Sales Month in Company's History
[10-June-2015]
SIMI VALLEY, Calif., June 10, 2015 /PRNewswire/ -- Vapor Hub International Inc. (OTC: VHUB) (www.vapor-hub.com) is pleased to announce that revenues for May 2015 topped $630,000, the top month in the Company's history.
Perhaps because we're dealing here with quarterly sales which finds its way into 10Q reporting as contrasted with just one month in the quarter per the June 10 PR, we need to wait to learn Q1 sales for the new fiscal year.
I'd also agree with you that the PR of today reports good news - otherwise they would not have made a PR out of the events involved. The challenge is that the company's sales projections are in need of proving true, given that last May they were calling for $6 million in sales for the fiscal year with only around a month left in the fiscal year (and they came in at $5.3 million). This is a good company with some growing pains and challenges (and this is a good message board which keeps track of challenges and resolutions).
FWIW, I'm really impressed that you're selling at a rate of about 24K per year of VHUB products. 8 stores like yours in each state of the Union would get the Company almost up to about their $10 million projection in sales for the new fiscal year - 8 stores per state X 24K sales per store X 50 states = $9.6 million. I realize that this is the ultimate oversimplification especially as it omits Internet-driven sales, but it's one way how I get to feeling relatively comfortable that $10 million in gross sales is quite attainable in this fiscal year.
Have a good day, Sir!
