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Re: junebug6500 post# 98743

Friday, 04/15/2016 11:49:59 AM

Friday, April 15, 2016 11:49:59 AM

Post# of 105534

The net loss for the three months ended February 29, 2016 principally resulted from a 23% increase in selling, general and administrative expenses and a 6% increase in cost of sales. This was partially offset by a 6% increase in revenues. The increase in selling, general and administrative expenses is primarily due to a $385,000 or 34% increase in selling and marketing expenses of which $250,000 is related to the implementation of a new consumer marketing campaign and an increase of $235,000 in professional fees.




CCEL's qtr was actually pretty good...
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