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abew4me

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abew4me

Re: Full Contact Yoga post# 8125

Thursday, 06/14/2018 6:04:07 PM

Thursday, June 14, 2018 6:04:07 PM

Post# of 12668
Nope. Not this time. According to the last 10-Q, they had $2 million in the bank on March 31st, 2018 to start this quarter.

They've already announced $1 Million in revenue for April and $1 Million in revenue for May.
I believe they'll generate another $1 Million for June.

That's over $3 Million in revenue for this quarter.

Their SG&A (which stands for Selling, General & Administrative expenses) is estimated to be $1.9 million per quarter.

That means they should show a profit!

The problem is, everyone is used to MNGA reporting a loss every single quarter. That's why the SP is dropping.

This time I believe the naysayers are wrong!

We'll know when they announce the next financial statement (10-Q) on August 15th. Until then, I'm accumulating as many shares as I can afford.
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