Verus International Inc (VRUS)

[Ezpenny]

Holy Cow! In terms of Q3/2018, management is noting the following items of importance: Compared to the same periods in 2017, the Company posted a 77% increase in sales for the first nine months of fiscal 2018 and a 31% year-over-year increase for Q3 2018.
The company achieved a gross margin of 16.3%, within the higher range of expectations.
Q3 2018 results were significantly impacted by the inclusion of one-time line items associated with the reorganization and a large, conservative reserve for certain default provisions of the convertible notes payable. We expect that much of this reserve will be reversed in a future quarter.