Sunday, March 19, 2017 1:52:27 PM
They're all over the place with their profit margin! :
1Q was 0% (negative%)
2Q was 10%
3Q was 46%
2016 was 17%
2) "(iii) We do not expect to purchase additional plant or equipment except as required
from sales growth. "
"DOES THIS MEAN THEY STOPPED THE EXPANSION FOR MANUFACTURING CAPABILITIES?"
To me, it looks like they increased it between 12/31/15 and 3/31/16 by approximately 9-fold / 9 times. That was their only recent expansion.
They went from only $16,985 Fixed Assets (net) at end of 12/31/15, to $141,200 Fixed Assets (net) at end of 3/31/16.
They're at $103,174 Fixed Assets (net) at end of 12/31/16. (One reason for the reduction is Depreciation. The other?? I'm guessing they removed approx. $25,000 of it??? (Who knows???! Only Barry Lamperd, that's who!!!)
We'll have to wait and see what it is at 3/31/17.
All JMH opinions and analysis/reporting.
Recent LLLI News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/11/2023 01:00:22 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM