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JRPac

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JRPac

Re: abew4me post# 8155

Thursday, 06/28/2018 5:09:33 PM

Thursday, June 28, 2018 5:09:33 PM

Post# of 12668
You forgot to include the cost of revenues in your analysis. In the latest financials from the 10-Q, that was $757,874 on revenues of $1,171,753, or a gross margin of about 35%

If they have the same gross margin on $3 million of sales for the June ending quarter, that would be gross profit of about $1 million and then subtracting SG&A of $650,000/month for 3 months ($1,950,000) would leave a loss of almost $900,000.

So, they really need to improve gross margin. In fact, they would need to double it to break even.

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