Wednesday, February 14, 2018 8:34:10 PM
"Q2 has historically been the largest revenue generating quarter for the Snakes & Lattes Inc. subsidiary which currently has the largest impact on the overall companys financial statements. This year however, some retailers placed larger orders through the distribution arm in Q1, and these orders were received, fulfilled, and shipped during the first fiscal quarter resulting in Q1 absorbing the majority of the holiday sales spike. These increased purchase orders from a few large retailers in Q1 ended up being their holiday season stock and therefore the re-orders did not appear in Q2 but are anticipated for Q3 and Q4. The Q2 revenue numbers also do not include a number of large sales made during the quarter, where the contract was not fully completed or fulfilled by the end of the quarter and therefore not recognized in Q2."
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