Breakeven to Profitable This Quarter for Biel
Based on the number of stores and backing out numbers from financials we can see at LEAST $600 per store sales average, and that is the bottom estimate of 8000 sold per month.
For PROFIT Biel needs about $1.6 Million in Gross Sales.
All numbers will be rounded.
Last Q3 Sales = $500K
Cost of goods sold was 36%
So the company gets 64% profit from sales.
Loss was $727K therfore they need additional sales to cover that loss and breakeven. They need then an additional
$1,136,000 million in sales to break even.
This assumes no added fixed costs or decreases in fixed costs.
Advertising increases would increase that number.
Total sales need to be $1,136,000 +$500,000 = $1,636,000 in sales for breakeven.
We know in Q3 they had 585 stores selling product.
Assuming 70% revenue came from the store that is $350,000 which when we divide by 585 stores =$598 in revenue per store.
Starting Q1 we know there will be at least 2510 stores.
2510 X $598 revenue per store = $1,500,980 in store sales.
Assuming Q3 store sales at 70% leaves 30% from other sources or
$150,000
Store sales of $1,500,980 + $150,000 from other sources
= $1,650,980
Profit and this is without any OTHER GROWTH, and where the company CURRENTLY is.
Then there is B Braun and the FDA and of course more stores and countries!!! Oh and add Costco Canada sales to these numbers. Oh and don’t forget last quarters receivables of $250,000
Did I mention Costco——
Oh and that Pesky FDA Clearance!!
Boom there it is!!!!!!!!!!! $$$$$$$$$$$$$
