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TRTC did worst on just about every financial metric.
Financial Update...
Total revenues generated for the quarter ended September 30, 2018 were approximately $7.1 million, compared with $10.1 million in the same period in 2017. Revenue Decline
Gross margin for the quarter ended September 30, 2018 amounted to approximately 21.5%, compared to approximately 23.1% for the quarter ended September 30, 2017, primarily attributable to the cannabis segment. Worse margins
Selling, general and administrative expenses for the quarter ended September 30, 2018 amounted to approximately $9.4 million, compared to approximately $6.2 million for the quarter ended September 30, 2017. SG&A increased, even worse as a proportion of revenues
The net loss attributable to Terra Tech for the quarter ended September 30, 2018 was approximately $(13.7 million) or ($0.19) per share compared to a loss of approximately $(7.8 million) or ($0.16) per share for the quarter ended September 30, 2017. Larger loss
The Company had $3.4 million in cash as of September 30, 2018, compared with $5.4 million as of December 31, 2017. Very low cash on hand, more toxic debt registered and on deck
Stockholders’ equity for the quarter ended September 30, 2018 amounted to approximately $93.1 million, an increase of approximately $16.3 million compared to approximately $76.8 million as of December 31, 2017. Whoo hoo an improvement, but, devil is in the details.
The Company had no short-term debt as of September 30, 2018. Long term debt was $13.8 million as of September 30, 2018, compared with $6.6 million as of December 31, 2017. Not relavent what amount is kept on the books, as TRTC operates on toxic debt converted to below market price shares
The end...
